Parthenium hysteropherus weed is the world’s most aggressive invasive weed which is a cause of major losses to the agroecosystems, ecology, economy, and societies of more than 40 countries from the 1900s. Parthenium has several attributes like high success rate, high adaptability to diverse environments which are responsible for its invasiveness. At the global level, various physical, chemical, and biological control measures are used to control parthenium but all these methods owing to several limitations. Because of which its management still remains as a big challenge. From the past decade, more research focus is on its utility potential. Hence now we know the utility potential of Parthenium in diverse fields. In agriculture, it can be used either after composting or as a PBC parthenium biochar. In a wastewater treatment plant, it can be used to extract particular heavy metals and dyes at 99% efficiency. So with our knowledge and capacity to exploit this weed in diverse fields, we must utilize it at a large scale and give our contribution to its strategic management across the country on a sustainable basis. This review briefly discusses the problems associated with parthenium and its various utility potentials which can create new avenues for parthenium management effectively.