In this study, the classification, composition, preparation methods, and performance parameters of deep eutectic solvents (DESs) and their recent applications in natural product extraction, drug delivery systems, trace metal determination, nanomaterial synthesis, and electrochemistry are systematically summarised through the literature of recent decades, using DESs and applications as keywords. The hydrogen bond acceptors (HBA) of DESs are mainly quaternary ammonium salts (e.g., choline chloride) or amphoteric ions (e.g., betaine); the hydrogen bond donors (HBD) are mostly compounds such as urea, polyols, and sugars. Their melting points are related to hydrogen bonding, their polarities are higher than most ionic liquids, and their viscosities are generally in the range of 0.01−5 Pa·s. Compared with traditional organic solvents and conventional ionic liquids, DESs have higher solubility, with their ability to dissolve metal oxides and insoluble drugs, and have good biodegradability. DESs have high extraction rates in flavonoids and phenols, can increase drug solubility in drug delivery systems, can effectively extract and perform pre-concentration of metals in trace metal determination, can synthesise new nanomaterial, and can be used as electrolytes for electrochemical reactions in electrochemistry. This paper collates the relevant literature on the physicochemical properties and multi-field applications of DESs, which provides a deeper understanding of DESs and looks forward to the future development of DESs