Styrylchromones (SC) are a group of oxygen‐containing heterocyclic compounds, which are characterized by the attachment of a styryl group to the chromone core. SC can be found in nature or can be chemically synthesized in the laboratory. As their presence in nature is scarce, the synthetic origin is the most common. Two types of SC are known: 2‐styrylchromones and 3‐styrylchromones. However, 2‐styrylchromones are the most common, being more commonly found in nature and which chemical synthesis is more commonly described. A wide variety of SC has been described in the literature, with different substituents in different positions, the majority of which are distributed on the A‐ and/or B‐rings. Over the years, several biological activities have been attributed to SC. This work presents a comprehensive review of the biological activities attributed to SC and their structure‐activity relationship, based in a published literature search, since 1989. The following biological activities are thoroughly revised and discussed in this review: antioxidant, antiallergic, antiviral, antibacterial, antifungal, anti‐inflammatory and antitumoral, affinity and selectivity for A3 adenosine receptors, neuroprotective, and α‐glucosidase inhibition. In general, SC are composed by a promising scaffold with great potential for the development of new drugs.