Unquestionably, traditional metal-ion batteries, particularly the well-established Li-ion batteries, continue to be the primary energy source for powering a wide range of electronic devices, implantable medical devices, and electric vehicles. However, the introduction of metal-air batteries has ushered in a new era in electrochemistry within the realm of advanced energy storage. In brief, metal ions migrate to the cathode chamber during the discharge process of metal-air batteries, where they react with O2 gas, resulting in the formation of solid metal oxide particles on the cathode's surface. During the charging phase, these particles revert to their initial constituents. Building on this fundamental chemistry, various aqueous metal-gas (N2/CO2/NO) batteries have been investigated to produce chemicals and electricity simultaneously. Inspired by the promising results of these efforts, rechargeable metal-biomass/organic batteries have been developed for the semi‑hydrogenation of various unsaturated hydrocarbon derivatives while producing electricity. These innovative energy storage devices have the potential to significantly reduce CO2 emissions in industrial manufacturing processes as well as electricity consumption in the production of essential chemicals. While these technologies are still in the prototype stage and are not yet ready for practical implementation, they represent the first steps toward multipurpose energy storage. Therefore, there is a compelling need for an exhaustive discourse in this field. The current review aims to provide a comprehensive overview of electrochemistry and the current state of energy storage dedicated to the synthesis of value-added products. Furthermore, a concise perspective is provided, emphasizing the main challenges while making valuable recommendations for future research efforts.