This paper assists a review on the potential of waste materials as stabilizers in various applications, particularly environmental remediation and construction. Waste materials have received attention because they are readily available, low-cost, and have the potential to improve the environment. Different types of waste materials including fly ash, slag, recycled plastics, and other industrial by-products, have a specific place in the modern-day soil stabilization. The review examines the mechanical and physical characteristics of waste materials as well as their effectiveness in applications. The results of several geotechnical tests, including the Standard Proctor, Atterberg’s limit, the Unconfined Compressive Strength (UCS), and the California Bearing Ratio (CBR) tests were analysed. Furthermore, the study evaluates the environmental impacts and sustainability aspects associated with the use of waste materials as stabilizers. By comprehensively assessing the performance and feasibility of waste materials in stabilization applications, this review aims to promote sustainable practices and contribute to the circular economy by valorizing waste materials into valuable resources.