This study investigates the utilization of controlled nanocatalysts in methane conversion reactions, addressing the pressing need for the efficient utilization of methane as a feedstock for valuable chemicals and clean energy. The methods employed include a comprehensive review of recent advancements in nanocatalyst synthesis, characterization, and application, as well as the critical analysis of underlying mechanisms and controversies in methane activation and transformation. The main findings reveal significant progress in the design and synthesis of controlled nanocatalysts, enabling enhanced activity, selectivity, and stability in methane conversion reactions. Moreover, the study highlights the importance of resolving controversies surrounding metal–support interactions for rational catalyst design. Overall, the study underscores the pivotal role of nanotechnology in shaping the future of methane utilization and sustainable energy production, providing valuable insights for guiding future research directions and technological developments in this field.