In this article, after reviewing the different mathematical methods used in quantification by IR, the main advantages and drawbacks and applications with or without previous sample treatment are presented. The bases of the use of quantitative IR in food analysis such as lipids (measurement of unsaturation degrees and lipids determination), carbohydrates, and proteins (secondary structures and quantitative analysis); original examples of the use of IR spectroscopy combined with enzymes; and modern applications in the clinical field are presented in detail, followed by examples of Fourier transform infrared (FTIR) analysis coupled with other analytical methods in different fields such as pharmaceuticals, petroleum, paints, and other industrial products and in the fields of health, environment, and trace compounds analysis in order to think about the limitations and perspectives of IR spectroscopy for quantitative analysis. It appears that the most significant developments in the field of quantitative analysis will probably come through the progress in chemometrics and instrumentation. More recently, approaches combining infrared spectroscopy and deep learning (DL) have shown great potential.