Mathematica 116 114 bytes
With several bytes saved thanks to Misha Lavrov.
Last@FindPath[Graph[Rule@@@Cases[Tuples[Tuples[{0,1},{l=Length@#}],{2}],x_/;Count[Plus@@x,1]==1]],##,{1,2^l},Alll]&
Input (8 dimensions)
[{1,0,0,1,0,0,0,1},{1,1,0,0,0,0,1,1}]//AbsoluteTiming
Output (length = 254, after 1.82 seconds)
{1.82393, {{1, 0, 0, 1, 0, 0, 0, 1}, {0, 0, 0, 1, 0, 0, 0, 1}, {0, 0, 0, 0, 0, 0, 0, 1}, {0, 0, 0, 0, 0, 0, 0, 0}, {0, 0, 0, 0, 0, 0, 1, 0}, {0, 0,0, 0, 0, 0, 1, 1}, {0, 0, 0, 0, 0, 1, 1, 1}, {0, 0, 0, 0, 0, 1, 0, 1}, {0, 0, 0, 0, 0, 1, 0, 0}, {0, 0, 0, 0, 0, 1, 1, 0}, {0, 0, 0, 0,1, 1, 1,0}, {0, 0, 0, 0, 1, 0, 1, 0}, {0, 0, 0, 0, 1, 0, 0, 0}, {0, 0, 0, 0, 1, 0, 0, 1}, {0, 0, 0, 0, 1, 0, 1, 1}, {0, 0, 0, 0,1, 1, 1, 1}, {0, 0, 0, 0, 1, 1, 0, 1}, {0, 0, 0, 0, 1, 1, 0, 0}, {0, 0, 0, 1, 1, 1, 0, 0}, {0, 0, 0, 1, 0, 1, 0, 0}, {0, 0, 0, 1,0, 0, 0, 0}, {0, 0, 0, 1, 0, 0, 1, 0}, {0, 0, 0, 1, 0, 0, 1, 1}, {0, 0, 0, 1, 0, 1, 1, 1}, {0, 0, 0, 1, 0, 1, 0, 1}, {0, 0, 0, 1, 1, 1, 0, 1}, {0, 0, 0, 1, 1, 0, 0, 1}, {0, 0, 0, 1, 1, 0, 0, 0}, {0, 0, 0, 1, 1, 0, 1, 0}, {0, 0, 0, 1, 1, 0, 1, 1}, {0, 0, 0, 1,1, 1, 1, 1}, {0, 0, 0, 1, 1, 1, 1, 0}, {0, 0, 0, 1, 0, 1, 1, 0}, {0, 0, 1, 1, 0, 1, 1, 0}, {0, 0, 1, 0, 0, 1, 1, 0}, {0, 0, 1, 0,0, 0, 1, 0}, {0, 0, 1, 0, 0, 0, 0, 0}, {0, 0, 1, 0, 0, 0, 0, 1}, {0, 0, 1, 0, 0, 0, 1, 1}, {0, 0, 1, 0, 0, 1, 1, 1}, {0, 0, 1, 0,0, 1, 0, 1}, {0, 0, 1, 0, 0, 1, 0, 0}, {0, 0, 1, 0, 1, 1, 0, 0}, {0, 0, 1, 0, 1, 0, 0, 0}, {0, 0, 1, 0, 1, 0, 0, 1}, {0, 0, 1, 0,1, 0, 1, 1}, {0, 0, 1, 0, 1, 0, 1, 0}, {0, 0, 1, 0, 1, 1, 1, 0}, {0, 0, 1, 0, 1, 1, 1, 1}, {0, 0, 1, 0, 1, 1, 0, 1}, {0, 0, 1, 1,1, 1, 0, 1}, {0, 0, 1, 1, 0, 1, 0, 1}, {0, 0, 1, 1, 0, 0, 0, 1}, {0, 0, 1, 1, 0, 0, 0, 0}, {0, 0, 1, 1, 0, 0, 1, 0}, {0, 0, 1, 1,0, 0, 1, 1}, {0, 0, 1, 1, 0, 1, 1,1}, {0, 0, 1, 1, 1, 1, 1, 1}, {0, 0, 1, 1, 1, 0, 1, 1}, {0, 0, 1, 1, 1, 0, 0, 1}, {0, 0, 1, 1,1, 0, 0, 0}, {0, 0, 1, 1, 1, 0, 1, 0}, {0, 0, 1, 1, 1, 1, 1, 0}, {0, 0, 1, 1, 1, 1, 0, 0}, {0, 0, 1, 1, 0, 1, 0, 0}, {0, 1, 1, 1,0, 1, 0, 0}, {0, 1, 0, 1, 0, 1, 0, 0}, {0, 1, 0, 0, 0, 1, 0, 0}, {0, 1, 0, 0, 0, 0, 0, 0}, {0, 1, 0, 0, 0, 0, 0, 1}, {0, 1, 0, 0,0, 0, 1, 1}, {0, 1, 0, 0, 0, 0, 1, 0}, {0, 1, 0, 0, 0, 1, 1, 0}, {0, 1, 0, 0, 0, 1, 1, 1}, {0, 1, 0, 0, 0, 1, 0, 1}, {0, 1, 0, 0,1, 1, 0, 1}, {0, 1, 0, 0, 1, 0, 0, 1}, {0, 1, 0, 0, 1, 0, 0, 0}, {0, 1, 0, 0, 1, 0, 1, 0}, {0, 1, 0, 0, 1, 0, 1, 1}, {0, 1, 0, 0,1, 1, 1, 1}, {0, 1, 0, 0, 1, 1, 1, 0}, {0, 1, 0, 0, 1, 1, 0,0}, {0, 1, 0, 1, 1, 1, 0, 0}, {0, 1, 0, 1, 1, 0, 0, 0}, {0, 1, 0, 1,0, 0, 0, 0}, {0, 1, 0, 1, 0, 0, 0, 1}, {0, 1, 0, 1, 0, 0, 1, 1}, {0, 1, 0, 1, 0, 0, 1, 0}, {0, 1, 0, 1, 0, 1, 1, 0}, {0, 1, 0, 1,0, 1, 1, 1}, {0, 1, 0, 1, 0, 1, 0, 1}, {0, 1, 0, 1, 1, 1, 0, 1}, {0, 1, 0, 1, 1, 0, 0, 1}, {0, 1, 0, 1, 1, 0, 1, 1}, {0, 1, 0, 1,1, 0, 1, 0}, {0, 1, 0, 1, 1, 1, 1, 0}, {0, 1, 0, 1, 1, 1, 1, 1}, {0, 1, 1, 1, 1, 1, 1, 1}, {0, 1, 1, 0, 1, 1, 1, 1}, {0, 1, 1, 0,0, 1, 1, 1}, {0, 1, 1, 0, 0, 0, 1, 1}, {0, 1, 1, 0, 0, 0, 0, 1}, {0, 1, 1, 0, 0, 0, 0, 0}, {0, 1, 1, 0, 0, 0, 1, 0}, {0, 1, 1, 0,0, 1, 1, 0}, {0, 1, 1, 0, 0, 1, 0, 0}, {0, 1, 1, 0, 0, 1, 0, 1}, {0, 1, 1, 0, 1, 1, 0, 1}, {0, 1, 1, 0, 1, 0, 0, 1}, {0, 1, 1, 0,1, 0, 0, 0}, {0, 1, 1, 0, 1, 0, 1, 0}, {0, 1, 1, 0, 1, 0, 1, 1}, {0, 1, 1, 1, 1, 0, 1, 1}, {0, 1, 1, 1, 0, 0, 1, 1}, {0, 1, 1, 1,0, 0, 0, 1}, {0, 1, 1, 1, 0, 0, 0, 0}, {0, 1, 1, 1, 0, 0, 1, 0}, {0, 1, 1, 1, 0, 1, 1, 0}, {0, 1, 1, 1, 0, 1, 1, 1}, {0, 1, 1, 1,0, 1, 0, 1}, {0, 1, 1, 1, 1, 1, 0, 1}, {0, 1, 1, 1, 1, 0, 0, 1}, {0, 1, 1, 1, 1, 0, 0, 0}, {0, 1, 1, 1, 1, 0, 1, 0}, {0, 1, 1, 1,1, 1, 1, 0}, {0, 1, 1, 0, 1, 1, 1, 0}, {0, 1, 1, 0, 1, 1, 0, 0}, {0, 1, 1, 1, 1, 1, 0, 0}, {1, 1, 1, 1, 1, 1, 0, 0}, {1, 0, 1, 1,1, 1, 0, 0}, {1, 0, 0, 1, 1, 1, 0, 0}, {1, 0, 0, 0, 1, 1, 0, 0}, {1, 0, 0, 0, 0, 1, 0, 0}, {1, 0, 0, 0, 0, 0, 0, 0}, {1, 0, 0, 0,0, 0, 0, 1}, {1, 0, 0, 0, 0, 0, 1, 1}, {1, 0, 0, 0, 0, 0, 1, 0}, {1, 0, 0, 0, 0, 1, 1, 0}, {1, 0, 0, 0, 0, 1, 1, 1}, {1, 0, 0, 0,0, 1, 0, 1}, {1, 0, 0, 0, 1, 1, 0, 1}, {1, 0, 0, 0, 1, 0, 0, 1}, {1, 0, 0, 0, 1, 0, 0, 0}, {1, 0, 0, 0, 1, 0, 1, 0}, {1, 0, 0, 0,1, 0, 1, 1}, {1, 0, 0, 0, 1, 1, 1, 1}, {1, 0, 0, 0, 1, 1, 1, 0}, {1, 0, 0, 1, 1, 1, 1, 0}, {1, 0, 0, 1, 0, 1, 1, 0}, {1, 0, 0, 1,0, 0, 1, 0}, {1, 0, 0, 1, 0, 0, 0, 0}, {1, 0, 0, 1, 0, 1, 0, 0}, {1, 0, 0, 1, 0, 1, 0, 1}, {1, 0, 0, 1, 0, 1, 1, 1}, {1, 0, 0, 1,0, 0, 1, 1}, {1, 0, 0, 1, 1, 0, 1, 1}, {1, 0, 0, 1, 1, 0, 0, 1}, {1, 0, 0, 1, 1, 0, 0, 0}, {1, 0, 0, 1, 1, 0, 1, 0}, {1, 0, 1, 1,1, 0, 1, 0}, {1, 0, 1, 0, 1, 0, 1, 0}, {1, 0, 1, 0, 0, 0, 1, 0}, {1, 0, 1, 0, 0, 0, 0, 0}, {1, 0, 1, 0, 0, 0, 0, 1}, {1, 0, 1, 0,0, 0, 1, 1}, {1, 0, 1, 0, 0, 1, 1, 1}, {1, 0, 1, 0, 0, 1, 0, 1}, {1, 0, 1, 0, 0, 1, 0, 0}, {1, 0, 1, 0, 0, 1, 1, 0}, {1, 0, 1, 0,1, 1, 1, 0}, {1, 0, 1, 0, 1, 1, 0, 0}, {1, 0, 1, 0, 1, 0, 0, 0}, {1, 0, 1, 0, 1, 0, 0, 1}, {1, 0, 1, 0, 1, 0, 1, 1}, {1, 0, 1, 0,1, 1, 1, 1}, {1, 0, 1, 0, 1, 1, 0, 1}, {1, 0, 1, 1, 1, 1, 0, 1}, {1, 0, 0, 1, 1, 1, 0, 1}, {1, 0, 0, 1, 1, 1, 1, 1}, {1, 0, 1, 1,1, 1, 1, 1}, {1, 0, 1, 1, 0, 1, 1, 1}, {1, 0, 1, 1, 0, 0, 1, 1}, {1, 0, 1, 1, 0, 0, 0, 1}, {1, 0, 1, 1, 0, 0, 0, 0}, {1, 0, 1, 1,0, 0, 1, 0}, {1, 0, 1, 1, 0, 1, 1, 0}, {1, 0, 1, 1, 0, 1, 0, 0}, {1, 0, 1, 1, 0, 1, 0, 1}, {1, 1, 1, 1, 0, 1, 0, 1}, {1, 1, 0, 1,0, 1, 0, 1}, {1, 1, 0, 0, 0, 1, 0,1}, {1, 1, 0, 0, 0, 0, 0, 1}, {1, 1, 0, 0, 0, 0, 0, 0}, {1, 1, 0, 0, 0, 0, 1, 0}, {1, 1, 0, 0,0, 1, 1, 0}, {1, 1, 0, 0, 0, 1, 0, 0}, {1, 1, 0, 0, 1, 1, 0, 0}, {1, 1, 0, 0, 1, 0, 0, 0}, {1, 1, 0, 0, 1, 0, 0, 1}, {1, 1, 0, 0,1, 0, 1, 1}, {1, 1, 0, 0, 1, 0, 1, 0}, {1, 1, 0, 0, 1, 1, 1, 0}, {1, 1, 0, 0, 1, 1, 1, 1}, {1, 1, 0, 0, 0, 1, 1, 1}, {1, 1, 0, 1,0, 1, 1, 1}, {1, 1, 0, 1, 0, 0, 1, 1}, {1, 1, 0, 1, 0, 0, 0, 1}, {1, 1, 0, 1, 0, 0, 0, 0}, {1, 1, 0, 1, 0, 0, 1, 0}, {1, 1, 0, 1,0, 1, 1, 0}, {1, 1, 0, 1, 0, 1, 0, 0}, {1, 1, 0, 1, 1, 1, 0, 0}, {1, 1, 0, 1, 1, 0, 0, 0}, {1, 1, 0, 1, 1, 0, 0, 1}, {1, 1, 0, 1,1, 0, 1, 1}, {1, 1, 0, 1, 1, 0, 1, 0}, {1, 1, 0, 1, 1, 1, 1, 0}, {1, 1, 0, 1, 1, 1, 1, 1}, {1, 1, 0, 1, 1, 1, 0, 1}, {1, 1, 0, 0,1, 1, 0, 1}, {1, 1, 1, 0, 1, 1, 0, 1}, {1, 1, 1, 0, 0, 1, 0, 1}, {1, 1, 1, 0, 0, 0, 0, 1}, {1, 1, 1, 0, 0, 0, 0, 0}, {1, 1, 1, 0,0, 0, 1, 0}, {1, 1, 1, 0, 0, 1, 1, 0}, {1, 1, 1, 0, 0, 1, 0, 0}, {1, 1, 1, 0, 1, 1, 0, 0}, {1, 1, 1, 0, 1, 0, 0, 0}, {1, 1, 1, 0,1, 0, 0, 1}, {1, 1, 1, 0, 1, 0, 1, 1}, {1, 1, 1, 0, 1, 0, 1, 0}, {1, 1, 1, 0, 1, 1, 1, 0}, {1, 1, 1, 0, 1, 1, 1, 1}, {1, 1, 1, 0,0, 1, 1, 1}, {1, 1, 1, 1, 0, 1, 1, 1}, {1, 1, 1, 1, 0, 1, 1, 0}, {1, 1, 1, 1, 0, 0, 1, 0}, {1, 1, 1, 1, 0, 0, 0, 0}, {1, 1, 1, 1,0, 0, 0, 1}, {1, 1, 1, 1, 1, 0, 0, 1}, {1, 1, 1, 1, 1, 1, 0, 1}, {1, 1, 1, 1, 1, 1, 1, 1}, {1, 1, 1, 1, 1, 1, 1, 0}, {1, 1, 1, 1,1, 0, 1, 0}, {1, 1, 1, 1, 1, 0, 0, 0}, {1, 0, 1, 1, 1, 0, 0, 0}, {1, 0, 1, 1, 1, 0, 0, 1}, {1, 0, 1, 1, 1, 0, 1, 1}, {1, 1, 1, 1,1, 0, 1, 1}, {1, 1, 1, 1, 0, 0, 1, 1}, {1, 1, 1, 0, 0, 0, 1, 1}, {1, 1, 0, 0, 0, 0, 1, 1}}}
Tuples[{0,1},{l=Length@#}],{2}]& generates the numbers 0...8 as binary lists.
The outer Tuples...{2} produces all ordered pairs of those binary numbers.
Plus@@x sums each of the pairs, generating triplets of 0, 1.
Cases....Count[Plus@@x, 1]==1 returns all of the sums that contain a single 1. These arise when the two original binary numbers are connected by an edge.
Rules connects the vertices of the graph, each vertex being a binary number.
Graph creates a graph corresponding to said vertices and edges.
FindPath finds up to 2^n paths connecting vertex a to vertex b, the given numbers.
Last takes the longest of these paths.
For three dimensions, the graph can be represented in a plane as shown here:

For the input, {0,0,0}, {1,1,1}, the following is output:
{{{0, 0, 0}, {0, 0, 1}, {0, 1, 1}, {0, 1, 0}, {1, 1, 0}, {1, 0, 0}, {1, 0, 1}, {1, 1, 1}}}
This path can be found in the above graph.
It can also be conceived as the following path in 3-space, where each vertex corresponds to a point {x,y,z}. {0,0,0} represents the origin and {1,1,1} represents the "opposite" point in a unit cube.
So the solution path corresponds to a traversal of edges along the unit cube. In this case, the path is Hamiltonian: it visits each vertex one time (i.e. with no crossings and no vertices omitted).
