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Hysteretic nonlinearity behavior ubiquitously occurs in mechanical systems, particularly in high-precision instruments, which severely degrades system output performance. Consequently, it is unavoidable to establish an accurate hysteretic model to describe the hysteretic characteristic of various mechanical systems and to compensate for the system error caused by hysteresis. The piezo-actuated mechanism is one of the most frequent mechanical systems that occurs hysteretic phenomenon, explained in detail in this survey. Bouc-Wen (BW) model has been popularly applied in modeling hysteretic attributes due to the outstanding advantage of simple structure and identification process. This paper presents the latest BW model applications and investigates different BW models, identification methods, and control strategies in light of various application demands based on the BW model systematically. In addition, this survey is meaningful in choosing an appropriate modeling approach and control means for system design according to the distinct requirements, and in providing future research direction.