Porous carbons are multipurpose materials with substantial industrial applications characterized by their large surface areas and porosities. They have immense potential for multifarious applications due to their outstanding features. This review focuses on the pore-forming mechanisms of present fabrication techniques, considering how the reaction conditions affect the final properties of the synthesized porous carbon. The benefits and drawbacks of each fabrication technique are also discussed. We also summarized the application of porous carbons in numerous fields, highlighting their versatility. Finally, some prospective research suggestions for the future are considered.