“…In this Perspective, we summarize the history, chemical bonding, and crystal structure of both bulk metal borides and the corresponding 2D nanostructures. ,− We emphasize various strategies proposed to synthesize metal-boride-derived 2D nanostructures and ultrathin films. − ,,,, We also present newly developed insights upon revisiting the chemistry of AlB 2 -type metal diborides. ,,,,, Synthetic challenges toward nanostructures of metal diborides, pseudo-metal diborides, MAB phases, and 2D MBenes are summarized and discussed in detail. ,,,,− Later, attention is drawn towards the effect of nanoscaling on catalytic, electrochemical, transport, optical, and mechanical properties. ,,,,,,,,,− Our emphasis is not only on the synthesis and properties, but also on diverse potential applications, such as energy storage in batteries, ,,− hydrogen storage and production, ,,,,− sensors, ,,− propellants, combustion and fuels, and biomedicine. , Finally, this Perspective summarizes and presents an outlook on the intriguing aspects, missing links, and some of the remaining challenges and opportunities in the field of metal-boride-derived 2D nanostru...…”