The Hippo signaling pathway, an evolutionarily conserved system, plays a critical role in regulating key biological processes. Dysregulation of this pathway has been implicated in wide range of human cancers. The transcription coactivators YAP (Yes-associated protein) and its paralog TAZ (transcriptional coactivator with PDZ-binding motif),as the main effector of Hippo signaling, predominantly interact with TEAD transcription factors to drive gene expression that promotes oncogenic processes. Given the pivotal role of the YAP/TAZ-TEAD axis in cancer progression, targeting these proteins and inhibiting YAP/TAZ-TEAD interaction represent promising therapeutic strategies. Recent breakthroughs, including the identification of the druggable TEAD palmitoylation pocket and the development of PROTAC technology, have accelerated the efforts to target YAP/TAZ-TEAD and curtail their oncogenic activities. Notably, several pioneer TEAD inhibitors and YAP/TAZ-TEAD protein-protein interaction inhibitors have progressed into clinical trials. This review dissects the structure and mechanistic details of YAP/TAZ-TEAD interactions and provides a comprehensive overview of recent advances in chemical compounds targeting YAP, TAZ, TEAD, and YAP/TAZ-TEAD PPI, highlighting the therapeutic potential of YAP/TAZ-TEAD axis as target for precision cancer therapy.