In this study, we report a controlled one-pot green synthesis of multiwalled carbon nanotubes (MWCNTs) via pyrolysis of sustainable agriculture waste (chickpea peel) at 400 °C in aqueous medium. These MWCNTs demonstrated 7.0 nm diameter, 0.28 nm graphitic spacing with carbonyl, hydroxyl, and carboxylic acid functionality. The D band (presence of sp3 defects) and G band ( E2g mode of graphite) at 1350 cm−1 and 1580 cm−1 originated in Raman spectrum, respectively. The prepared MWCNTs showed blue fluorescence with 10% fluorescence quantum yield in aqueous medium. The MWCNTs showed triple exponential decay characteristics with an average fluorescence lifetime of 4.7 ns. The synthesized MWCNTs revealed a consistent fluorescence in the cytoplasm of 22RV1 human prostate carcinoma cell line without exerting any sign of cytotoxicity. The MWCNTs also exhibited remarkable cytocompatibility in human immortalized prostate epithelial RWPE1 cells.