As the most abundant natural aromatic polymer, tens of million of tons of lignin produced in paper-making or biorefinery industry are used as fuel annually, which is a low-value utilization. Moreover, burning lignin results in large amounts of carbon dioxide and pollutants in the air. The potential of lignin is far from being fully exploited and the search for high value-added application of lignin is highly pursued. Because of the high carbon content of lignin, converting lignin into advanced carbon-based structural or functional materials is regarded as one of the most promising solutions for both environmental protection and utilization of renewable resources. Significant progresses in lignin-based carbon materials (LCMs) including porous carbon, activated carbon, carbon fiber, carbon aerogel, nanostructured carbon, etc., for various valued applications have been witnessed in recent years. Here, this review summarized the recent advances in LCMs from the perspectives of preparation, structure, and applications. In particular, this review attempts to figure out the intrinsic relationship between the structure and functionalities of LCMs from their recent applications. Hopefully, some thoughts and discussions on the structure-property relationship of LCMs can inspire researchers to stride over the present barriers in the preparation and applications of LCMs.