Antibiotics are the primary measures employed in the prevention and treatment of diseases in aquaculture. However, the frequent utilization of antibiotics can significantly impact the growth and reproduction of aquatic organisms, resulting in water pollution. The European Union (EU) has prohibited antibiotic additives in animal feed. Potassium diformate (KDF) represents the first non-antibiotic feed additive approved by the EU as a viable alternative to antibiotics. Its application in animal nutrition has been validated, demonstrating beneficial health effects. This article reviews the physicochemical properties, biological functions, synthesis conditions, and applications of KDF in aquaculture and looks toward to its future potential. It also provides insights into improving the utilization of KDF in aquaculture practices.