Background: Low-intensity focused ultrasound (LIFU) is a non-invasive neuromodulation technique that combines millimeter-scale spatial precision with access to cortical and deep targets — including the thalamus, basal ganglia, amygdala, and nucleus accumbens — that otherwise require invasive deep brain stimulation (DBS). Methods: We conducted a narrative critical review of mechanistic, technical, and clinical LIFU literature from PubMed/MEDLINE, Europe PMC, Scopus, Web of Science and ClinicalTrials.gov (final search 30 June 2026), synthesizing in vitro , animal, human neurophysiological, neuroimaging, and early clinical evidence, with attention to the level of evidence, ITRUSST safety and reporting standards, and methodological confounds. Main findings: Proposed biophysical mechanisms include acoustic radiation force, cavitation, and thermomechanical coupling at neuronal membranes, engaging mechanosensitive ion channels and reshaping excitatory–inhibitory (E/I) balance via glutamatergic and GABAergic pathways; the direction of modulation and the physical-to-cellular chain remain incompletely resolved. Theta-burst TUS (tbTUS) induces NMDA-associated LTP-like motor-cortical plasticity lasting 30–60 min. Human studies in movement disorders (Parkinson’s disease, essential tremor), treatment-resistant depression, anxiety, pain, Alzheimer’s disease, and stroke report physiological and early clinical effects. Importantly, the physiological readouts most often reported — motor-evoked potentials, local field potentials, functional connectivity, and neurotransmitter levels — index target engagement and acute neural effects but do not, by themselves, establish meaningful or sustained clinical benefit. Key challenges include parameter heterogeneity, auditory confounds, inconsistent reporting, skull variability, and a paucity of adequately powered randomized controlled trials. Conclusion: LIFU is a promising but still largely investigational technology. ITRUSST consensus safety and reporting guidelines are beginning to standardize the field. Current clinical studies remain small, heterogeneous, and mostly short-term, supporting biological plausibility and target engagement rather than established therapeutic efficacy. This review emphasizes that controlled, adequately powered trials with long-term follow-up are needed before clinical adoption for any indication.