During the past few years, the construction of BODIPY-based macrocycles has attracted extensive interest due to the widespread applications of these materials in sensing, bioimaging, molecular machines, and photodynamic therapy (PDT). Since significant progress has been made in this field, it is time to summarize the recent developments involving BODIPY-based macrocycles. In this review, we will briefly introduce the synthesis routes of BODIPY-based macrocycles, including a covalent synthetic protocol and a noncovalent self-assembly protocol. In addition, we will discuss the photophysical and photochemical properties and the applications of these BODIPY-based macrocycles in the areas of sensing, bioimaging, photodynamic therapy, etc.