The invention discloses a conjugated polymer containing 1,2,3 triazol isobenzazole-5,7(2H,6H)-dione as well as a preparation method and an application of the conjugated polymer and belongs to the field of polymers applied to photoelectric materials and devices. The preparation method comprises the following steps: an electron donor unit D and a 2,6-R,R1-[1,2,3]triazol[4,5-f] isobenzazole-4,8-Ar1,Ar2-5,7(2H,6H)-dione monomer are subjected to still coupling copolymerization, and the conjugated polymer containing 1,2,3 triazol isobenzazole-5,7(2H,6H)-dione is obtained. The prepared conjugated polymer has fluorescence, has a wider absorption peak for sunlight and can be used for manufacturing active layers of a polymer light emitting diode device, a polymer field effect transistor and a polymer solar cell.