In the field of photocatalysis, metal-organic frameworks (MOFs) have drawn a lot of attention. MOFs have a number of advantages over conventional semiconductors, including high specific surface area, large number of active sites, and an easily tunable porous structure. In this perspective review, different synthesis methods used to prepare MOFs and MOFs-based heterostructures have been discussed. Apart from this, the application of MOFs and MOFs-based heterostructures as photocatalysts for photocatalytic degradation of different types of pollutants have been compiled. This paper also highlights the different strategies that have been developed to modify and regulate pristine MOFs for improved photocatalytic performance. The MOFs modifications may result in better visible light absorption, effective photo-generated charge carriers (e−/h+), separation and transfer as well as improved recyclability. Despite that, there are still many obstacles and challenges that need to be addressed. In order to meet the requirements of using MOFs and MOFs-based heterostructures in photocatalysis for low-cost practical applications, future development and prospects have also been discussed.