Shellac stands out among natural polymers as the sole animal-derived resin, boasting a complex polyester composition comprising polyhydroxy long-chain fatty acids and sesquiterpene acids. Its unique attributes include biocompatibility, non-toxicity, distinctive amphiphilicity, superb film-forming and adhesive properties, excellent dielectric properties, rapid drying, and solubility in alkaline solutions while resisting acidic ones. These exceptional qualities have propelled shellac beyond its traditional role as a varnish and decorative material, positioning it as a viable option for diverse applications such as food packaging, pharmaceutical formulations, electronic devices, fiber dyeing, and wood restoration. Furthermore, shellac serves as a crucial carbon source for graphene materials. This review comprehensively explores shellac's contributions to prolonging food shelf life, enhancing the carbon sourcing of graphene materials, facilitating the delivery of active substances, boosting the performance of organic field-effect transistors, enabling environmentally friendly textile dyeing, and providing protective coatings for wood. Additionally, it delves into the current limitations and future directions of shellac's applications. By disseminating this knowledge, we aim to deepen researchers' comprehension of shellac and inspire further exploration, thereby fostering sustainable advancements across various industries.