Nature exhibits a unique beauty that is both recognized and integrated into human practices globally. Annona squamosa Linn., commonly known as “sweet sugar,” is a small medicinal shrub cultivated for its fruits. This species is widely distributed across Asia, Africa, North and South America, and Brazil. Traditionally, it has been used for its antidiabetic, antihypertensive, insecticidal, and antimicrobial properties. This article is based on the literature review collected from various sources such as Scopus, Sci-Hub, PubMed, Google Scholar, Science Direct, and SciFinder. The literature review reveals that A. squamosa possesses numerous promising pharmacological activities due to its rich array of active phytoconstituents. This review provides essential knowledge for future research, guiding investigators in exploring the plant’s pharmacological activities, isolating bioactive fractions, and implementing these findings in the management of various diseases.