A bidirectional Ultra-Wideband (UWB) localization scheme is one of the three widely adopted design integration processes commonly used in time-based UWB positioning systems. The key property of bidirectional UWB localization is its ability to serve both navigation and tracking tasks within a single localization scheme on demand. Traditionally, navigation and tracking in wireless localization systems were treated as separate entities due to distinct applicable use-cases and methodological needs in each implementation process. Therefore, the ability to flexibly or elastically combine two unique positioning perspectives (navigation and tracking) within a single scheme can be regarded as a paradigm shift in the way location-based services are conventionally observed. This article reviews the mentioned bidirectional UWB localization from the perspective of a flexible and versatile positioning topology and highlights its potential in the field. In this regard, the article comprehensively describes the complete system model of the bidirectional UWB localization scheme using modular processes. It also discusses the demonstrative evaluation of two system integration processes and conducts a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of the scheme. Furthermore, the prospect of the presented bidirectional localization scheme for achieving precise location estimation in 5G/6G wireless mobile networks, as well as in Wi-Fi fine-time measurement-based positioning systems was briefly discussed.