Biomass has received widespread attention as the only carbon-based renewable energy. Unfortunately, due to its high moisture, high oxygen content and low calorific value, direct conversion of biomass via pyrolysis or gasification is still encountering a number of issues, such as low conversion efficiency, high tar content and low calorific value of gas product. Pretreatment of biomass material by torrefaction exhibits a positive effect on improving the characteristics of feedstock and promoting the pyrolysis/gasification process. In this paper, the effect of torrefaction on the hydrophobicity, grindability, element composition, and energy density of cellulosic biomass feedstock, as well as the gas compositions, tar components, and calorific value of gas produced from pyrolysis/gasification are comprehensively reviewed. After torrefaction, the quality of the biomass materials is improved with enhanced hydrophobicity and grindability, and higher calorific value. At the same time, the pyrolysis/gasification performance of cellulosic biomass also can be promoted by torrefaction pretreatment, with higher combustible gas content, yield, and calorific value in gas product, as well as lower tar content. All these endow gas product with promising combustion performance and quality. Further researches on the coupling technology and application pattern of torrefaction and pyrolysis/gasification process should be carried out to improve the total economy and product added value for biomass conversion.