We present recent results on the applications of Fourier transform techniques to photoluminescence spectroscopy as it relates to both basic and characterization-related semiconductor research. The emphasis here is on demonstrating the advantages of these methods in situations requiring very high spectral resolution and/or very high sensitivity. We also provide an example of the utility of interferometry in performing photoluminescence excitation spectroscopy in spectral regions where broadly tunable laser sources are not readily available.