Photoactivatable fluorescent proteins (PAFPs) represent a unique tool for monitoring cellular events. PAFPs change spectral properties in response to irradiation with specific light. In recent years PAFPs have been utilized for the development of novel methods for the optical labeling and tracking living cells, organelles, and intracellular molecules in a spatio-temporal manner. PAFPs became indispensible tools for super-resolution imaging techniques. Moreover, PAFPs opened new possibilities to study cell physiology, in particular, they allow careful determination of protein half-life.