Plant-based carbon materials are a high-demand source nowadays, as they are low-cost, eco-friendly, easily available, and sustainable. Borassus flabellifer (Palmyra palm) is a gift of nature that gives numerous benefits, as all parts of the tree can be used for multiple purposes. Palmyraculture is the practice of cultivating Palmyra palms and utilizing them to live a self-reliant life in working towards sustainable development. Due to the advancement of technology, Borassus flabellifer is used to synthesize carbon materials, including hard carbon, carbon nanodots, charcoal, and activated carbon. These carbon materials can be used in electrochemistry as anode materials, biosensing, bioimaging, catalysts, and water purification. This review mainly focuses on the carbon materials derived from the Borassus flabellifer, their applications in various fields, and further aspects that have to be considered.