This review explores the structures and properties of UiO‐67 and its derivatives as well as the corresponding synthetic and characterization method. With remarkably high surface area, high thermal and chemical stabilities and excellent mechanical properties, UiO‐67 is very promising and competitive among kinds of metal‐organic frameworks. UiO‐67 not only has good performance on some gases adsorption and storage and removal of organophosphorus pesticides, but also can act as the catalyst in the nerve‐agent hydrolysis. More importantly, by introducing various functional organic linkers into UiO‐67 framework or incorporating different metal complexes and other functional groups, the resulting derivatives of UiO‐67 can improve its water stability, show enhanced gases adsorption properties and expand the application of UiO‐67 such as catalytic hydrolysis of phosphate‐ester, catalytic detoxication of chemical warfare agents, catalytic promotion of Friedel–Crafts reactions, Suzuki–Miyaura cross‐coupling reaction, C−C and C−H bond activation reactions and a series of photocatalytic reactions, catalytic addition of asymmetric aldol, micromotor engines, detection of some biological thiols and so on.