1,1′‐((1E,1′E)‐((2E,2′E)(((phenylazanediyl)bis(4,1‐phenylene))bis‐(methanylylidene))bis‐ (hydrazine‐2,1‐diylidene))bis(methanylylidene))bis(naphthalen‐2‐ol), H2L shows high fluorescence emission (λem, 550 nm; λabs, 420 nm) which is selectively quenched by Cu2+ in presence of many other biologically important ions. The limit of detection (LOD), 7.3 nM is much lower than WHO recommended maximum permissible limit (20 μM) of Cu2+consumption in human body. The binding fashion of the probe to Cu2+ ion is 1 : 2 mole ratio and has been confirmed by Job's plot and ESI‐MS spectral data. The binding constant for Cu2+ is 4.93×1010 M−2 which also indicates sufficient stability and 1 : 2 complexation. On addition of cysteine to L‐Cu2+ensemble,the emission intensity (550 nm) enhances which accounts the release of Cu2+ from the non‐emissive complex and restores the total fluorogenic efficiency of probe, H2L (LOD (Cysteine), 36 nM). Thus, ON‐OFF‐ON mechanism of H2L has been utilized for selective and specific detection of Cu2+ and Cysteine over several other amino acids. In addition to this, the probe is treated on WI‐38 cell line to check cytotoxicity. This chemosensor, H2L has been successfully applied to examine intracellular trace quantity of Cu2+ and Cysteine concentration in Hep G2 Cell lines.