Simmondsia chinensis (Link) C.K. Schneider (Jojoba) is a valuable shrub that can bear harsh conditions and is cultivated in many countries globally. Its prominence originates from the unique oil that constitutes more than 50% of the seeds. The great economic value of jojoba oil is highlighted in many fields, especially the cosmetic industry. The remaining meal, which is rich in proteins, constitutes a good source for cattle feeding. However, the presence of antinutritional principles in the meal limited its use and encouraged the researchers to find different ways for its detoxification. The detoxification ways of jojoba meal included physical, biological, and chemical treatments. The phytochemical composition of the oil was deeply studied, but for the remaining plant, only few studies have reported its chemical composition. Jojoba oil composed of wax esters (97%), fatty acids, fatty alcohols, sterols, and small percentage of vitamin E. Jojoba possesses a long traditional history. It has been used in folklore for treatment of cold, dysuria, and obesity. Many recent studies reported its medicinal and pharmacological properties like antioxidant, anti‐inflammatory, antimicrobial, anticancer, anti‐acne, anti‐psoriasis, wound healing, and hepatoprotective activities. Many of these biological activities have been attributed to the presence of several phytochemicals such as simmondsin and phenolic compounds. In this review, the authors will highlight the previous phytochemical studies, medicinal applications of jojoba oil and different plant parts, and the various ways of meal detoxification.