Channel coding plays a crucial role in enhancing the reliability and efficiency of communication systems, particularly when transmission channels are disrupted by noise and interference. This paper presents an in-depth review of various channel coding techniques, their applications, and future research directions. Key topics discussed include prevalent channel coding methods, such as repetition codes, convolutional codes, LDPC codes, turbo codes, and polar codes. The paper also delves into the selection of suitable channel coding parameters and their applications in digital TV, mobile and satellite communications, unmanned aerial vehicle data links, speech communication, and underwater acoustic channels. Moreover, the paper explores the performance analysis and comparison of different channel coding techniques, shedding light on their strengths and weaknesses. Lastly, the paper identifies emerging trends and challenges in channel coding research, providing valuable insights for researchers and practitioners in the field of communication systems. By examining these techniques and future directions, this comprehensive overview aims to contribute to the development of more robust and efficient channel coding schemes for a wide range of communication applications.