Nanotechnology is one of the most active research fields in materials science. Metal-organic frameworks (MOFs) have the benefits of having a sizable specific surface area, extremely high porosity, changeable pore size, post-synthesis modification, and extreme thermal stability. Graphene oxide (GO) has attracted significant research interest due to its similar surface area to MOFs. Furthermore, oxygen-containing groups presented in graphene oxide offer the unique processing and handling advantages of amphiphilicity and dispersion in water. MOF-based GO has recently attracted attention due to its resemblance to metal ions and organic binding linkers. It has sparked great interest in the past few years due to its distinct characteristics and higher performance compared to MOFs or GO alone. This review aims to describe the most current developments in this topic for researchers. An attempt has been made to provide a synopsis review of recent research on MOFs/GO composites’ properties, synthesis techniques, advantages and challenges, and different applications, including supercapacitors, gas separation and storage, water purification, sensing, catalysis, and biomedical.