Pitch, as a raw material rich in aromatic structure, easy to graphitize, high carbon content, and low ash content, is a high-quality precursor for preparing high value-added functional carbon materials. The composition, chemical structure, and group composition characteristics of pitch are different, and the pyrolysis process during heat treatment is different, resulting in completely different pyrolysis reaction kinetics, which determines the morphology, microcrystalline structure, and application range of derived-functional carbon materials. Based on the analysis of pitch composition and structure, as well as the study of thermal reaction behavior, different types (including mesophase pitch, mesocarbon microbeads, carbon foam, self-sintered isotropic graphite, porous carbon and carbon anode) and application of functional carbon materials were prepared in this work. The above work provides guidance for the high value-added application of pitch.