The particular properties of graphene oxide (GO) make it a material with great technological potential, so it is of great interest to find renewable and eco-friendly sources to satisfy its future demand sustainably. Recently, agricultural waste has been identified as a potential raw material source for producing carbonaceous materials. This study explores the potential of cashew nut shell (CNS), a typically discarded by-product, as a renewable source for graphene oxide synthesis. Initially, deoiled cashew nut shells (DCNS) were submitted to pyrolysis to produce a carbonaceous material (Py-DCNS), with process optimization conducted through response surface methodology. Optimal conditions were identified as a pyrolysis temperature of 950 °C and a time of 1.8 h, yielding 29.09% Py-DCNS with an estimated purity of 82.55%, which increased to 91.9% post-washing. Using a modified Hummers method, the Py-DCNS was subsequently transformed into graphene oxide (GO-DCNS). Structural and functional analyses were carried out using FTIR spectroscopy, revealing the successful generation of GO-DCNS with characteristic oxygen-containing functional groups. Raman spectroscopy confirmed the formation of defects and layer separations in GO-DCNS compared to Py-DCNS, indicative of effective oxidation. The thermogravimetric analysis demonstrated distinct thermal decomposition stages for GO-DCNS, aligning with the expected behavior for graphene oxide. Scanning electron microscopy (SEM) and energy dispersive X-ray spectroscopy (EDX) further corroborated the morphological and compositional transformation from DCNS to GO-DCNS, showcasing reduced particle size, increased porosity, and significant oxygen functional groups. The results underscore the viability of cashew nut shells as a sustainable precursor for graphene oxide production, offering an environmentally friendly alternative to conventional methods. This innovative approach addresses the waste management issue associated with cashew nut shells and contributes to developing high-value carbon materials with broad technological applications.