<p>Moving beyond the traditional focus on isolated parameter optimization, this review centers on the synergistic interplay between capillary force and permeability, which is pivotal for fluid transport and heat transfer in porous wicks of advanced thermal management systems. This paper first analyzes their individual and coupled effects on improving heat transfer efficiency, particularly in evaporative cooling and advanced thermal designs. Next, recent progress in materials, such as nanofluids and gradient pore structures, and advanced manufacturing technologies is reviewed, highlighting their contributions to innovation in thermal management. Additionally, the potential applications of machine learning in optimizing these systems are discussed. Finally, we address the limitations of current theoretical models, the challenges in micro-nanostructure design, and the barriers to practical application.</p>