Carbon nanotubes, as carbon allotropes distinguished by their intricate structures and exceptional physicochemical properties, have demonstrated substantial progress in recent years across diverse domains, including energy production, chemical synthesis, and environmental preservation. They exhibit notable attributes such as high thermal stability, superior adsorption capacity, and a substantial specific surface area, rendering them superb catalyst supports. Particularly in electrochemical energy storage, CNTs are extensively employed in supercapacitor electrodes owing to their elevated electrical conductivity, mechanical robustness, and electrocatalytic prowess, which facilitate significant energy storage capabilities. Their intricate pore architecture and reactive sites make functionalized carbon nanotubes well suited for synthesizing composite materials with diverse components, which are ideal for sequestering carbon dioxide from both atmospheric and indoor environments. This review presents a comprehensive examination of carbon nanotube synthesis methodologies, encompassing chemical vapor deposition, arc discharge, and laser ablation, and evaluates their impacts on the structural and functional properties of carbon nanotubes. Furthermore, this article underscores the applications of carbon nanotubes in fields such as fuel cells, photocatalysis, ammonia synthesis, dry methane reforming, Fischer–Tropsch synthesis, and supercapacitors. Despite the considerable potential of carbon nanotubes, their manufacturing processes remain intricate and costly, impeding large-scale industrial production. This review concludes by addressing the challenges in fabricating carbon nanotube composites and outlining future development prospects.