Owing to their high energy density, low self-discharge rate, wide operating temperature range, and long cycle life, lithium-ion batteries are widely used in portable electronic equipment, electric vehicles, and energy storage. TiNb2O7 exhibits a much larger theoretical capacity (388 mAh/g). In the charging-discharging process, the volume change is small, and the generation of lithium dendrite can be avoided in the rapid charging process so that the battery has better safety and shorter charging time. Although TiNb2O7 is one of the most potential anode materials for lithium-ion batteries, its low electronic and ionic conductivities hinder its widespread application. TNO's structural characteristics, preparation methods, and modification strategies are discussed in this paper. The crystal structures and the mechanism of rapid lithium conduction are explained. Furthermore, several methods and their advantages for TNO preparation are introduced, including solid-state reaction, sol-gel, electrospinning, solvothermal, and template methods. In addition, the effects of nano, doping, defect, and composite on electron and charge conductivities, as well as the electrochemical performance of TNO, are emphatically analyzed. Nanocrystallization can shorten the diffusion path of lithium ions, the doping and introduction of oxygen vacancy can change the TiNb2O7 structure, the composite electrode can improve its conductivity, and different modification methods can effectively improve the rate performance and cycle stability of the electrode material, which is expected to make it a good application in high-power energy storage devices.