Lignocellulose, composed of cellulose, hemicellulose, and lignin, holds immense promise as a renewable resource for the production of sustainable chemicals and fuels. Unlocking the full potential of lignocellulose requires efficient pretreatment strategies. In this comprehensive review, efforts were taken to survey the latest developments in polyoxometalates (POMs)-assisted pretreatment and conversion of lignocellulosic biomass. An outstanding finding highlighted in this review is that the deformation of the cellulose structure from I to II accompanied by the removal of xylan/lignin through the synergistic effect of ionic liquids (ILs) and POMs resulted in a significant increase in glucose yield and improved cellulose digestibility. Furthermore, successful integration of POMs with deep eutectic solvents (DES) or γ-valerolactone/water (GVL/water) systems has demonstrated efficient lignin removal, opening avenues for advanced biomass utilization. This review not only presents the key findings and novel approaches in POMs-based pretreatment but also addresses the current challenges and prospects for large-scale industrial implementation. By offering a comprehensive assessment of the progress in this field, this review serves as a valuable resource for researchers and industry professionals aiming to harness the potential of lignocellulosic biomass for sustainable chemical and fuel production.