The increasing global energy consumption has led to the rapid development of renewable energy storage technologies. Lithium‐ion batteries (LIBs) have been extensively studied and utilized for reliable, efficient, and sustainable energy storage. Nevertheless, designing new materials for LIB applications with high capacity and long‐term stability is highly desired but remains a challenging task. Recently, covalent organic frameworks (COFs) have emerged as superior candidates for LIB applications due to their high porosity, well‐defined pores, highly customizable structure, and tunable functionalities. These merits enable the preparation of tailored COFs with predesigned redox‐active moieties and suitable porous channels that can improve the lithium‐ion storage and transportation. This review summarizes the recent progress in the development of COFs and their composites for a variety of LIB applications, including (quasi) solid‐state electrolytes, electrode materials, and separators. Finally, the challenges and potential future directions of employing COFs for LIBs are also discussed, further promoting the foundation of this class of exciting materials for future advances in energy‐related applications.