Preliminarily studies on cyclic diacyl peroxides have shown novel and superior reactivities compared with their acyclic diacyl peroxide counterparts in many reaction types. After summarizing the methods available for the preparation of cyclic diacyl peroxides and describing their structural features, this review brings together an overview of their reactivities with respect to oxidations and decarboxylations, and demonstrates the advantages of reactions with cyclic diacyl peroxides, which include metal-free, additive-free, milder conditions, higher yields and better selectivities.1 Introduction2 Methods of Preparation of Cyclic Diacyl Peroxides3 Structures and Stabilities of Cyclic Diacyl Peroxides4 Oxidation Reactions4.1 Oxidative Additions to Alkenes4.2 Oxidation Reactions of Heteroatoms4.3 Oxidation Reactions of 1,3-Dicarbonyl Compounds4.4 Hydroxylations of Arenes5 Decarboxylations6 Conclusion