Many essential chemical reactions involve the generation and consumption of gases. Studying the nanobubbles formed by gas molecules at the interface in chemical reactions can help us to regulate the generation of bubbles and improve the reaction efficiency. On the other hand, it can advance our understanding of the microscopic nature of the nucleation process and extract characteristic information of the reaction, such as the reactivity of the catalyst. In order to study the nanobubbles which are dynamically generated in chemical reactions, optical microscopy and nano-electrochemical measurements are mainly used. This review summarizes the significance, principle and technical characteristics in detection of nanobubbles. Take the activity characterization of single nanoparticle catalysts and the mechanism of nucleation on the electrode surface as examples, the current status and main challenges of research concerning nanobubbles are introduced, and its future trends are prospected.