Hollow metal–organic framework (MOF) micro/nanostructures and their derivatives are attracting a great amount of research interest in recent years because their hierarchical porous structures not only provide abundant, easily accessed metal sites but also endow 3D channels for rapid mass transport. As a result, they demonstrate significant advantages in many applications including catalysis, gas sensors, batteries, supercapacitors, and so on. Nevertheless, studies on hollow MOFs and their derivatives are still at the beginning of this field, and the relationship between their structures and application performances is not yet reviewed comprehensively. Herein, the synthetic strategies and practical applications of hollow micro/nanostructured MOFs and their derivatives are summarized, and their corresponding prospects are also discussed.