Current approach to space-time coupling (STC) phenomena is given together with a complementary version of the STC concept that emphasizes the finiteness of the energy of the considered pulses. Manifestations of STC are discussed in the framework of the simplest exact localized solution of Maxwell’s equations, exhibiting a “collapsing shell”. It falls onto the center, continuously deforming, and then, having reached maximum compression, expands back without losing energy. Analytical solutions describing this process enable to fully characterize the field in space-time. It allowed to express energy density in the center of collapse in the terms of total pulse energy, frequency and spectral width in the far zone. The change of the pulse shape while travelling from one point to another is important for coherent control of quantum systems. We considered the excitation of a two-level system located in the center of the collapsing EM (electromagnetic) pulse. The result is again expressed through the parameters of the incident pulse. This study showed that as it propagates, a unipolar pulse can turn into a bipolar one, and in the case of measuring the excitation efficiency, we can judge which of these two pulses we are dealing with. The obtained results have no limitation on the number of cycles in a pulse. Our work confirms the productivity of using exact solutions of EM wave equations for describing the phenomena associated with STC effects. This is facilitated by rapid progress in the search for new types of such solutions.