Electrochemical conversion of abundant resources, such as carbon dioxide, water, nitrogen, and nitrate, is a remarkable strategy for replacing fossil fuel-based processes and achieving a sustainable energy future. Designing an efficient and selective electrocatalysis system for electrochemical conversion reactions remains a challenge due to a lack of understanding of the reaction mechanism. Shell-isolated nanoparticle-enhanced Raman spectroscopy (SHINERS) is a promising strategy for experimentally unraveling a reaction pathway and rate-limiting step by detecting intermediate species and catalytically active sites that occur during the reaction regardless of substrate. In this review, we introduce the SHINERS principle and its historical developments. Furthermore, we discuss recent SHINERS applications and developments for investigating intermediate species involved in a variety of electrocatalytic reactions.