Is it possible to capture last login of a user to the particular application

AFAIK there's no out-of-the-box means to capture this. You'd have to define what "access to a particular application" might actually mean. Do you care that they logged, landed on whatever is the defined landing page, didn't do anything and then logged out again? Or is it that you need to know they conducted a specific transaction? Or that they looked at a specific record? In effect you need to define what audit events you want to record (and why), who you want to give access to view those audit events, and how long you want to keep them for and them implement a design to meet those requirements. Just like any feature.