Crystal structures, characteristics, and preparations of 12CaO·7Al2O3 family and CaO–Al2O3 (C–A) system have been reviewed in detail with relevant thermodynamic parameters being assessed or recalculated. 12CaO·7Al2O3 (shortened as C12A7) can form several derivatives of type C12A7:Mn− or C12A7–Mn− through replacing so‐called “free oxygen ion” by many anions including OH−, H−, O−, O2−, F−, Cl−, and e− in their cages, or being adopted by rare earth metals or alkaline earth metal oxides at cation sites (Ca2+ or Al3+). These doped C12A7 derivatives show unique material properties of transparent conduction, catalysis, and antibacterial with potential applications in fast ion conductors, optoelectronics, oxidants, and catalysts etc.