Anisotropic nanoparticles are ideal building blocks for a number of functional materials due to their exceptional and anisotropic optical, electronic, magnetic and mechanical properties. In this work we present systematic studies on morphology dependent ultra-sensitive thermal diffusivity and photodegradation capability of anisotropic plasmonic silver for the first time. Hydrogen peroxide centered synthesis was performed to prepare anisotropic silver nanosystems spherical (14 nm), quasi-spherical (17 nm), elliptical (18 m), rods (aspect ratio 2.1), hexagonal (22 nm) and prisms (19 nm). The synthesized nanosystems were characterized using UV-VIS spectroscopy, high resolution transmission electron microscopy (HRTEM) and band gap analysis. A dual beam mode matched thermal lensing method was adopted for evaluating the thermal diffusivity of the anisotropic system. The present anisotropic nanoparticle system exhibited strong morphology based thermal diffusivity. An increase of 140% in the thermal diffusivity value points to the nonlinear optical application potential of the anisotropic systems. Sunlight mediated photodegradation of methylene blue showed a promising increase in the degradation rate for anisotropic systems compared to other similar systems reported in the literature.