Based on the consequences of abundant relevant literatures, this essay expounded the latest mechanical properties research results of the concrete reinforced with CBF and its application on building structure reinforcement studied by the domestic and foreign scholars. Research suggests that the new composite material of concrete reinforced with CBF has many excellent engineering application characteristics such as good crack resistance, durability, permeability resistance, high temperature resistance and fire retardancy. CBF is a kind of good reinforcement materials with so many advantages including simple construction, favorable reinforcement effect and low cost. We can infer that CBF can be widely used in underground engineering port, deep-water wharf, cross-sea bridges and tunnels, cold region and other fields based on the good mechanical properties and durability of the concrete reinforced with CBF in the future.