Monoâ to fewâlayers of 2D semiconducting materials have uniquely inherent optical, electronic, and magnetic properties that make them ideal for probing fundamental scientific phenomena up to the 2D quantum limit and exploring their emerging technological applications. This Review focuses on the fundamental optoelectronic studies and potential applications of inâplane isotropic/anisotropic 2D semiconducting heterostructures. Strong lightâmatter interaction, reduced dimensionality, and dielectric screening in monoâ to fewâlayers of 2D semiconducting materials result in strong manyâbody interactions, leading to the formation of robust quasiparticles such as excitons, trions, and biexcitons. An inâplane isotropic nature leads to the quasiâ2D particles, whereas, an anisotropic nature leads to quasiâ1D particles. Hence, inâplane isotropic/anisotropic 2D heterostructures lead to the formation of quasiâ1D/2D particle systems allowing for the manipulation of high binding energy quasiâ1D particle populations for use in a wide variety of applications. This Review emphasizes an exciting 1Dâ2D particles dynamic in such heterostructures and their potential for highâperformance photoemitters and excitonâpolariton lasers. Moreover, their scopes are also broadened in thermoelectricity, piezoelectricity, photostriction, energy storage, hydrogen evolution reactions, and chemical sensor fields. The unique inâplane isotropic/anisotropic 2D heterostructures may open the possibility of engineering smart devices in the nanodomain with complex optoâelectromechanical functions.