Propargylic alcohols are valuable starting materials in organic synthesis; they are easily accessible and can be functionalized further, either through the triple bond or the alcohol functionality. Certain transition metals such as ruthenium or gold have an affinity for propargylic alcohols or alkyne units, which allows for catalytic activation of these substance classes. This review article provides a survey of various transition-metal-catalyzed functionalizations of propargylic alcohols with an emphasis on the latest literature. Examples of nucleophilic propargylic substitution reactions, allene formation, addition and coupling reactions, cyclization reactions, Meyer-Schuster, Rupe and redox-isomerization reactions are given in the article, along with the scope and limitations of the corresponding transformations and mechanistic considerations.