The extensive use of fossil fuels has sped up the global development of the world economy and is accompanied by significant problems, such as energy shortages and environmental pollution. Solar energy, an inexhaustible and clean energy resource, has emerged as a promising sustainable alternative. Light irradiation can be transformed into electrical/chemical energy, which can be used to remove pollutants or transform contaminants into high-value-added chemicals through photocatalytic reactions. Therefore, photocatalysis is a promising strategy to overcome the increasing energy and environmental problems. As is well-known, photocatalysts are key components of photocatalytic systems. Among the widely investigated photocatalysts, titanium dioxide (TiO2) has attracted great attention owing to its excellent light-driven redox capability and photochemical stability. However, its poor solar light response and rapid recombination of electron–hole pairs limit its photocatalytic applications. Therefore, strategies to enhance the photocatalytic activity of TiO2 by narrowing its bandgap and inhibiting the recombination of charges have been widely accepted. Constructing heterojunctions with other components, including cuprous oxide (Cu2O), has especially narrowed the bandgap, providing a promising means of solving the present challenges. This paper reviews the advances in research on heterostructured Cu2O/TiO2 photocatalysts, such as their synthesis methods, mechanisms for the enhancement of photocatalytic performance, and their applications in hydrogen production, CO2 reduction, selective synthesis, and the degradation of pollutants. The mechanism of charge separation and transfer through the Cu2O/TiO2 heterojunctions and the inherent factors that lead to the enhancement of photocatalytic performance are extensively discussed. Additionally, the current challenges in and future perspectives on the use of heterostructured Cu2O/TiO2 photocatalysts are also highlighted.