Bamboo shoots, a staple in Asian diets, particularly in India, China, Japan, and Southeast Asia, are valued for their rich nutrients and health benefits. However, they contain cyanogenic glycosides, primarily Taxiphyllin, posing toxicity risks if improperly consumed. This review examines bamboo shoots' nutritional profile, geographical consumption patterns, and the role of Taxiphyllin. It explores the impact of traditional and industrial processing methods, such as boiling, fermentation, and steaming, in reducing Taxiphyllin levels to ensure food safety. Additionally, the paper highlights bamboo shoots' applications in pharmaceuticals, bioethanol production, therapeutics, and cosmetics. Emphasis is placed on the significance of detection technologies in food processing to prevent cyanide poisoning. The findings underscore the need for effective processing and detection techniques to balance bamboo shoots' nutritional and medicinal benefits while mitigating health risks. The review also identifies future research opportunities to maximize their potential in sustainable food and industrial applications.