Wave–current interaction is a common and important phenomenon in the ocean. As an ocean remote sensing tool, high-frequency (HF) radar can be used to measure currents and wave parameters. In this paper, the possibility of studying wave–current interaction using HF radar is investigated. The first-order spectral power (FSP) of HF radar is used to explore the effect of current on the Bragg wave. By analyzing the FSP change with current (FSP-current distribution), we find that, in deep water, the wave–current interactions mainly belong to 2-D refraction case, while, over a relatively shallow shelf, the interactions are stronger and more complicated. Based on local topography and current field data at Taiwan Strait, the simulation results obtained using the SWAN model confirm the 2-D refraction of the Bragg wave. When the wave–current interaction is stable, we compensate the FSP with radar-measured currents according to the radar extracted FSP-current distribution and achieve a more accurate wind estimation. Comparisons between the original and refined wind fields show the effectiveness and necessity of the current-based compensation.