Ergothioneine is a sulfur-containing derivative of histidine that was discovered in 1909. It is synthesized by certain fungi and bacteria, such as Neurospora crassa, Mycobacterium smegmatis, Chlorobium limicola, and Methylobacterium strains. Ergothioneine can scavenge reactive oxygen species (ROS) and chelate divalent metal cations like iron and copper. Due to its powerful antioxidant properties, this compound has been reported to possess several beneficial properties, including antioxidant, anti-inflammatory, anti-apoptotic, anti-aging, and metal-chelating effects, thereby playing a cytoprotective role in vitro. Moreover, it has shown potential therapeutic effects in a range of diseases, including chronic inflammatory diseases, central nervous system diseases, cardiovascular diseases, liver diseases, kidney diseases, eye diseases, and cancer, among others. Ergothioneine is recognized as a highly efficient, safe, and stable natural antioxidant, with significant potential for applications across diverse industries such as food, cosmetics, and biomedicine.