This review article describes the synthesis route of eugenol (4‐Allyl‐2‐methoxyphenol, EU)‐based resins, properties, and their use in coating application. EU‐based resin is an attractive phenolic‐based material with outstanding properties such as thermal stability, water‐resistant, antioxidant, and flame retardancy performance. However, limited research articles on EU‐based resins have been published recently for the coating application. A growing interest in developing design strategies and properties of EU‐based resins has emerged due to their low cost, non‐toxic, and environment‐friendly behaviors. This review article aims to highlight EU‐based resins, including epoxy and non‐epoxy ones, and critically discuss their properties and opportunities in coating application, which may facilitate their utilization in academia and industries.