This literature review focused on the use of MATLAB, a computer algebra system, as a didactical tool for Engineers as well as Research Scholars. It has also looked at some theories of learning related to the teaching and learning of tools with the computer technology. The review aimed at summarizing the different ways in which the software has been used as a tool for visualization, computation, problem-solving, fostering positive attitudes and math confidence, increasing motivation & electrical and electronics performance, and projects. It has also included the proposals in which the software has been recommended to be used. It is our hope that this review could be useful for those interested in integrating MATLAB in course curriculum.