Diborane(4) and diborane(6) molecules are demanding renewed interest due to their varied reactivity towards diverse substrates. The chemistry of molecules comprising electron-precise B-B bonds has witnessed swift developments in the recent years. In spite of the continuous interest and extensive efforts in the synthesis of diborane compounds, the formation of boron-boron bonds is still difficult and uncontrolled. On the other hand, the diborene molecules (R-B[dbnd]B-R′; R, R′ = H, phosphine, amine, NHC etc), are also of significant interest owing to their ability to regulate the property of biradicals by changing the substituents of the parent diborene(2), HB[dbnd]BH. In addition, transition metal diborene species exhibit fascinating photo-physical properties. In this review, we have delivered a background of B-B bond formation and a synopsis of the latest developments in the synthesis of boron-boron single and multiple bonds. The reactivity of diborane/diborene complexes towards various transition metals has also been discussed in detail. © 2019 Elsevier B.V.