Abstract Moiré superlattices have revolutionized the study of two-dimensional materials, enabling unprecedented control over their electronic, magnetic, optical, and mechanical properties. This review provides a comprehensive analysis of the latest advancements in moiré physics, focusing on the formation of moiré superlattices due to rotational misalignment or lattice mismatch in two-dimensional materials. These superlattices induce flat band structures and strong correlation effects, leading to the emergence of exotic quantum phases, such as unconventional superconductivity, correlated insulating states, and fractional quantum anomalous Hall effects. The review also explores the underlying mechanisms of these phenomena and discusses the potential technological applications of moiré physics, offering insights into future research directions in this rapidly evolving field.