The strong efforts devoted to the exploration of BNH compounds for hydrogen storage have led to impressive advances in the field of boron chemistry. This review summarizes progress in this field from three aspects. It starts with the most recent developments in using BNH compounds for hydrogen storage, covering NH3BH3, B3H8- containing compounds, and CBN compounds. The following section then highlights interesting applications of BNH compounds in hydrogenation and catalysis. The last part is focused on breakthroughs in the syntheses and discovery of new BNH organic analogues. The role of N-Hδ+***Hδ--B dihydrogen interactions in molecule packing, thermal hydrogen evolution, and syntheses is also discussed within the review.