The flexoelectric effect, as a novel form of the electromechanical coupling phenomenon, has attracted significant attention in the fields of materials science and electronic devices. It refers to the interaction between strain gradients and electric dipole moments or electric field intensity gradients and strain. In contrast to the traditional piezoelectric effect, the flexoelectric effect is not limited by material symmetry or the Curie temperature and exhibits a stronger effect at the nanoscale. The flexoelectric effect finds widespread applications ranging from energy harvesting to electronic device design. Utilizing the flexoelectric effect, enhanced energy harvesters, sensitive sensors, and high-performance wearable electronic devices can be developed. Additionally, the flexoelectric effect can be utilized to modulate the optoelectronic properties and physical characteristics of materials, holding the potential for significant applications in areas such as optoelectronic devices, energy storage devices, and flexible electronics. This review provides a comprehensive overview of the historical development, measurement of flexoelectric coefficients, enhancement mechanisms, and current research progress of the flexoelectric effect. Additionally, it offers a perspective on future prospects of the flexoelectric effect.