Soybean oil has a characteristic that is mainly determined by the content of polyunsaturated fatty acids in the form of high linoleic (±54,87%), so it is liquid at low temperatures and has a good effect on health. These make soybean oil much preferred to be applied to various food products. This review aims to provide information on soybean oil which includes physical and chemical characteristics, extraction and purification, as well as various current applications of soybean oil in different fat/oil-based food products. Soybean oil can be used for the production of oleogels/organogels, trans-free margarine and creamer, recombined butter, and mono-diacylglycerols. Soybean oil can rectify the physicochemical and nutritional properties of the products.