The global energy demand and environmental pollution are the two major challenges of the present scenario. Recently, researchers focused on the preparation and investigation of catalysts for their capacitive properties for energy storage devices. Thus, supercapacitors have received extensive interest from researchers due to their promising energy storage features and decent cyclic stability/performance. The performance of the supercapacitors are significantly influenced by the physicochemical properties of the electrocatalyst. In this review article, we have compiled the previous reports on the fabrication of MOFs-based composite materials with MXenes for energy storage and electrochemical sensing applications. The metallic and bimetallic MOFs and MOFs/MXenes materials for supercapacitor applications are reviewed. In addition, MOFs/MXenes-based hybrid composites are also compiled towards the determination of various toxic/hazardous materials, such as metal ions like copper ions, mercury ions, and picric acid. We believe that present review article may benefit the researchers working on the preparation of MOFs-based catalysts for supercapacitor and electrochemical sensing applications.