Inspection of the scientific literature reveals that intermetallic compounds have, in recent years, attracted considerable interest as a result of their unique elevated temperature characteristics. Among the wide range of intermetallic compounds that are actively being studied, MoSi2 has been singled out as a result of its unique combination of properties, which include an excellent oxidation resistance, a high modulus of elasticity, and an elevated melting point (2030-degrees-C). In view of this interest, the present work was undertaken with the objective of providing the reader with a comprehensive review of the mechanical and oxidation behaviour of MoSi2, paying particular attention to the synergism between processing and microstructure. Accordingly, synthesis techniques, including powder metallurgy, self-propagating high-temperature synthesis, spray processing, solid-state displacement reactions, and exothermic dispersion, are critically reviewed and discussed. In addition, recent efforts aimed at using MOSi2 as a matrix material in metal-matrix composites are also critically reviewed and discussed.