Interband cascade lasers (ICLs) are highly efficient semiconductor lasers operating in the mid-infrared range. Their cascade structure of multiple quantum wells enables continuous operation at room temperature with low threshold current. This study explores the impact of tensile and compressive strain on W-QWs' electronic structure and carrier dynamics. Using transient absorption measurements on specific material structures, researchers investigated carrier lifetimes and fundamental transitions. Photoreflectance and photoluminescence measurements were also employed to study band structure and optical properties. The findings provide insights into optimizing ICL performance, improving their performance in application for gas sensing, spectroscopy, medical diagnostics, and communication.