Observations from Kepler, TESS, Gaia and JWST continue to expand our understanding of exoplanets and their host stars. However, stellar magnetic activity remains a limiting factor for both planet detection and characterization, particularly around active M-type stars. To accurately understand and model the properties of exoplanets, we must understand the host stellar environment, in particular the morphology, energies, temperatures, and frequency of stellar flare events. In this talk, I will present the details of the latest open-source, analytical flare template that can be used to model the morphology of flares. I will also highlight the power of spectro-photometric studies for deriving peak flare temperatures as a function of spectral type. I will conclude with an outlook on what observations from future missions such as the Nancy Grace Roman Space Telescope will enable for both exoplanet and stellar flare studies.