This paper presents a review of literature that introduces the properties and applications of Magnetorheological fluids(MRFs). first, magnetic particles (iron or cobalt), base fluids(oil (mineral-synthetic) or water), and how to prepare magnetorheological fluids are discussed. Then, in the continuation of this research, considering that magnetorheological fluids are smart and soft liquids, the methods of stability and properties (viscosity, hysteresis loop, Shear yield stress, etc) Of these magnetorheological fluids are discussed. Due to the different properties of Magnetorheological fluids, the behavior of these fluids in different states is discussed. These intelligent fluids change their properties when exposed to an external magnetic field. The most important and obvious feature of magnetorheological fluids is their reversibility from liquid to semi-solid state or vice versa in the Presence or the absence of a magnetic field in a fraction of a second. This change in state and properties is known as the magnetorheological effect. This effect depends on various factors, such as the concentration of magnetic particles, the distribution of magnetic particles, the strength of the magnetic field, additives, and so on. The low magnetic effect and instability of magnetorheological fluids are the most important problems against their widespread use in modern industries. According to research, carbonyl iron particles are the most promising particles for the dispersed phase in MRF. The choice of carbonyl iron particles contributes to their high saturation magnetism, relatively low cost, low coercion, and widespread availability. Finally, according to the different properties and behaviors of these fluids, different applications of magnetorheological fluids are discussed. MRF-based control systems are increasingly used in engineering applications such as rheological magnetic electrolytes in batteries, anti-lock braking systems, magnetic clutches, vibrating dampers, shock absorbers, control valves, and various types of vibrating dampers. One of the newest applications of magnetic fluids is the magneto-rheological electrolyte. The use of MRFs in batteries introduces a new class of magnetic field-sensitive electrolytes that has the potential to increase impact resistance, safety, thermal conductivity, and energy storage in electronic devices through reversible active switching electrolyte mechanical properties.