Advanced oxidation technology plays an important role in wastewater treatment due to active substances with high redox potential. Biochar is a versatile and functional biomass material. It can be used for resource management of various waste biomasses. In addition, carbonaceous materials are commonly used to enhance the synergistic mechanisms of advanced oxidation processes, because of their good electrical conductivity and metal-free leaching. Biochar produced from waste biomass through pyrolysis has catalytic potential, is cost-effective, and is environmentally friendly. It is commonly used to activate hydrogen peroxide, persulfate, ozone, photocatalysis, and other systems for degrading organic pollutants in water. This review provides a summary of the feedstocks, pyrolysis conditions, and modification methods used in biochar production. It also described the effects of these factors on the yield, structure, and active sites of the biochar. The review summarized the mechanisms of various catalytic systems and their applications in wastewater decontamination, as well as their potential for practical application. Eventually, the limitations of this current technique and the outlook for future research were noted.