Block copolymers can form various ordered structures by self‐assembly, and their composites with inorganic materials may give surprising properties. This review summarizes recent developments in the preparation, mechanism and application of various types of self‐assembly of polystyrene‐block‐poly(2‐vinylpyridine) (PS‐b‐P2VP). The focus of the review is on how to control the self‐assembly of the dynamic and ordered structure of PS‐b‐P2VP based materials by applying effective factors such as thermal annealing, solvent annealing, block composition and blending. Moreover, the combination of the self‐assembly of PS‐b‐P2VP and various nanoparticles, with potentials in drug delivery, sensors and catalysis, is highlighted. © 2018 Society of Chemical Industry