The conversion of lignocellulosic biomass into platform chemicals and fuels by metal single atoms is a new domain in solid catalysis research. Unlike the conventional catalysis route, single‐atom catalysts (SAC) proliferate maximum utilization efficiency, high catalytic activity, and good selectivity to the desired product with an ultralow loading of the active sites. More strikingly, SAC shows a unique cost‐effective pathway for the conversion of complex sugar molecules to value‐added chemicals in high yield and selectivity, which may be hindered by conventional metal nanoparticles. Primarily, SACs having adjustable active sites could be easily modified using sophisticated synthetic techniques based on their intended reactions. This review covers current research on the use of SACs with a strong emphasis on the fundamentals of catalyst design, and their distinctive activities in each type of reaction (hydrogenation, hydrogenolysis, hydrodeoxygenation, oxidation, and dehydrogenation). Furthermore, the fundamental insights into the superior actions of SACs within the opportunity and prospects for the industrial‐scale synthesis of value‐added products from the lignocelluloses are covered.