Achieving oscillations with small dimensions, high power, high coherence, and low phase noise has been a long-standing goal in wave physics, driving innovations across classical electromagnetic theory and quantum physics. Key applications include electronic oscillators, lasers, and spin-torque oscillations. In recent decades, physicists have increasingly focused on harnessing passive oscillatory modes to manipulate these oscillations, leading to the development of diverse gain–loss coupled systems, including photon–photon, exciton–photon, photon–magnon, magnon–phonon, and magnon–magnon couplings. This review provides a comprehensive overview of these systems, exploring their fundamental physical structures, key experimental observations, and theoretical insights. By synthesizing insights from these studies, we propose future research directions to further advance the understanding and application of gain–loss coupled systems for quantum science and quantum technologies.