Lithium tantalate crystal is widely used in optical devices, infrared detectors and surface acoustic wave devices because of its excellent piezoelectric, acousto-optic and nonlinear optical properties. The Li content of near stoichiometric lithium tantalate (NSLT) crystal is higher than that of congruent lithium tantalate (CLT) crystal. Therefore, the performance of NSLT crystal is better than that of CLT crystal in some aspects. This article reviews the physical properties, preparation methods and current research status in acoustics and optics of NSLT crystals. It also looks forward to the improvement of NSLT crystal preparation methods and their applications in surface acoustic wave (SAW) filters and optics. With the increase of Li content, the acoustic performance of NSLT crystals is expected to be comprehensively improved, achieving the application of SAW filters in 5G communication.