It is indisputable that invasive plant species strongly impact the ecosystems they invade. Many of such impacts can be negative and threaten the local species through competition, environmental change, or habitat loss. However, introduced plants may also have positive roles in the ecosystems they invade. This review extracted information from reports on common gorse (Ulex europaeus), one of the top 100 invasive plants on the earth, including its detrimental effects and potential beneficial roles in invaded ecosystems. The reduction of native fauna and flora are the main harmful effects of common gorse identified by the literature review. Soil impoverishment and fire hazards are other negative impacts reported for common gorse that could affect agricultural systems and local economies. Despite the negative impacts, reports of positive ecological services provided by common gorse also exist, e.g., as a nursery plant or habitat for endangered native animals. We also reviewed the known human uses of this plant that could support management strategies through harvest and benefit the local communities, including its use as biofuel, raw matter for xylan extraction, medicine, and food. Finally, our review identified the gaps in the literature regarding the understanding of the beneficial role of common gorse on native ecosystems and potential human uses, especially in the tropics.