A diaminobenzophenone Schiff base derived probe 1, was synthesized and structure elucidation was carried out by spectroscopic studies viz., FT-IR, UV-vis, H-1, and C-13 NMR and mass spectrometry. The sensing phenomenon with different metal ions (Cr3+, Mn2+, Fe2+, Fe3+, Co2+, Ni2+, Cu2+, Zn2+, Cd2+) was investigated by employing absorption and fluorescence titrations, which demonstrated that probe 1 exhibited selective fluorescent sensing behavior towards Fe2+ ion among various other metal ions. The porobes selceteclivity towards Fe2+ was also examined by colorimetric assay which revealed a change in the color from light yellow to brown upon addition of Fe2+ ion. A remarkable increase in the fluorescence intensity of probe 1 was observed towards Fe2+ ion, which was found to be associated with the inhibition of photoinduced electron-transfer (PET) and C@N isomerization processes, respectively. The chemosensor exhibited an association constant value of 6.173 x 10(7) M-2 as determined by using non-linear least square fit data. Job's plot calculated the binding stoichiometry, and the sensing phenomenon of Fe2+ towards the probe was further supported by Density Functional Theory (DFT) calculations and H-1 NMR studies. The detection limit of probe 1 was found to be 0.0363 mM, which is below the permissible limits according to the WHO guideline (5 mu M) for Fe2+ ions in the drinking water. Furthermore, the practical application of probe 1 was studied by analyzing the content of Fe2+ in different water samples. (C) 2020 Published by Elsevier B.V.