Organo‐functionalized materials with porous structure offer unique adsorption, catalytic and sensing properties. These unique properties make them available for various applications, including catalysis, CO2 capture and utilization, and drug delivery. The properties and the performance of these unique materials can be altered with suitable modifications on their surface. In this review, we summarize the recent advances in the preparation and applications of organo‐functionalized porous materials with different structures. Initially, a brief historical overview of functionalized porous materials is presented, and the subsequent sections discuss the recent developments and applications of various functional porous materials. In particular, the focus is given on the various methods used for the preparation of organo‐functionalized materials and their important roles in the heterogenization of homogeneous catalysts. A special emphasis is also given on the applications of these functionalized porous materials for catalysis, CO2 capture and drug delivery.