Schiff bases are useful precursors for the synthesis of vital pharmaceutical and biochemical compounds due to their multifunctional transformations through different processes. Indeed, the heterocyclic Schiff bases have played a unique role in coordination chemistry owing to their wide-ranging potential bio-applications, such as anticancer, antibacterial, antifungal, etc. The exploration of novel heterocyclic Schiff bases and their metal complexes has certainly been progressing because of their proven usefulness as attractive key structures for the development not only in the field of biology but also in the field of catalysis, sensing, corrosion inhibitors, etc. The unusual characteristics of heterocyclic Schiff bases have resulted in many scopes, making significant advances from both the fundamental and applied perspectives.