Extensive energy demand leads us towards various energy storage devices; Ultracapacitors (UCs) (Supercapacitors) are leading the market due to their high capacitance in small packages. Ultracapacitors have high power density, are highly porous, have a long lifespan, and have exceptional thermal and chemical stability. This makes them ideal for applications where frequent charge–discharge cycles are required, such as in renewable energy systems, where they can help manage fluctuations in power generation. The electrode material should be wisely chosen to utilize all the energy from the ultracapacitor. Due to its large specific surface area, adaptable characteristics, and adequate capacity to store and release electrical energy. Metal–organic frameworks (MOFs) have attracted much interest for their prospective use in supercapacitor applications. This review includes how ZIF-67 (Zeolitic Imidazolate Framework-67) stands as a potential candidate for electrode material for ultracapacitors and all the recent advancements in the ZIF-67-derived electrode material for ultracapacitor application.