Deep eutectic-like solvents (DESs) are recognized as environmentally benign media with highly tunable structures and properties. The usage of DES is promising in the field of biomass treatment and transformation, including pretreatment, selective dissolution, and separation of the main components. It serves as a green medium for modification of the biomass components, as well as preparation of biomass-derived nanomaterials. In this paper, the development on DES, including composition, properties, and characteristics was studied. The application of DES in biomass-derived nanomaterials is especially discussed. This review intends to provide references for adopting DES to improve biomass-based environmentally friendly nanomaterials.