The increased production of biodiesel as an alternative fuel involves the simultaneous growth in production of crude glycerol as its main by-product. Therefore, the feasibility and sustainability of biodiesel production requires the effective utilization of crude glycerol. This review describes various uses of crude glycerol as a potential green solvent for chemical reactions, a starting raw material for chemical and biochemical conversions into value-added chemicals, a substrate or co-substrate in microbial fermentations for synthesis of valuable chemicals and production of biogas and biohydrogen as well as a feedstuff for animal feed. A special attention is paid to various uses of crude glycerol in biodiesel production. Projekat Ministarstva nauke Republike Srbije, br. III 45001