Identification of priority areas for conservation is crucial for the maintenance and protection of biodiversity, particularly in tropical forests where biodiversity continues to be lost at alarming rates. Surveys and research on umbrella species can provide efficient and effective approaches to identify potential areas for conservation at small geographical scales. Army ants of the genus Eciton are keystone species in neotropical forests due to their major role as top predators and due to the numerous vertebrate- and invertebrate associated species that depend upon their colonies for survival. These associates range from the iconic army ant-following birds to a wide range of arthropod groups, some of which have evolved intricate morphological, behavioural and/or chemical strategies to conceal their presence and integrate into the colony life. Furthermore, Eciton colonies require large forested areas that support a diverse leaf litter prey community and several field-based and genetic studies have demonstrated the negative consequences of forest fragmentation for the long-term maintenance of these colonies. Therefore, Eciton species will not only act as umbrella for their associates but also for many other species in neotropical forests, in particular for those that require a large extent of forest. This review summarises past and recent accounts of the main taxonomic groups found associated with Eciton colonies, as well research assessing the impact of forest fragmentation on this army ant, to encourage the adoption of Eciton army ants as umbrella species for the identification of priority areas for conservation and assessments of the effect of disturbance in neotropical forests.