The sustainable management of lignocellulosic agricultural waste has gained significant attention due to its potential for the production of valuable products. This paper provides an extensive overview of the valorization strategies employed to convert lignocellulosic agricultural waste into economically and environmentally valuable products. The manuscript examines the conversion routes employed for the production of valuable products from lignocellulosic agricultural waste. These include the production of biofuels, such as bioethanol and biodiesel, via biochemical and thermochemical processes. Additionally, the synthesis of platform chemicals, such as furfural, levulinic acid, and xylose, is explored, which serve as building blocks for the manufacturing of polymers, resins, and other high-value chemicals. Moreover, this overview highlights the potential of lignocellulosic agricultural waste in generating bio-based materials, including bio-based composites, bio-based plastics, and bio-based adsorbents. The utilization of lignocellulosic waste as feedstock for the production of enzymes, organic acids, and bioactive compounds is also discussed. The challenges and opportunities associated with lignocellulosic agricultural waste valorization are addressed, encompassing technological, economic, and environmental aspects. Overall, this paper provides a comprehensive overview of the valorization potential of lignocellulosic agricultural waste, highlighting its significance in transitioning towards a sustainable and circular bioeconomy. The insights presented here aim to inspire further research and development in the field of lignocellulosic waste valorization, fostering innovative approaches and promoting the utilization of this abundant resource for the production of valuable products.