In this paper, we review the concept of synergistically using ultrasonic sonochemistry in combination with heterogeneous catalysis, to selectively perform condensed phase chemical transformations. Through specific examples, we highlight that ultrasound induced cavitation bubbles not only provide local high temperature and pressure conditions for initiating chemical reactions but also improves heat, mass and charge transfer characteristics in the system. We also show that sonocatalysis can alter reaction mechanisms and open new activation and reaction pathways that are not intuitive to thermocatalysis. Computational chemistry tools are introduced and are combined with sonocatalysis experimental studies to demonstrate that, in‐situ generated radicals propelled into the bulk liquid solution upon bubbles implosion can be stabilized by catalyst surfaces, while creating active sites for unique reactions during heterogeneous sonocatalytic chemistry. We also report recent examples of condensed phase sonocatalysis applications, including pollutant degradation, chemical and pharmaceutical synthesis and biomass upgrading, and provide mechanistic insights into the process.