The evolution of Device-to-device (D2D) communication represents a significant breakthrough within the realm of mobile technology, particularly in the context of 5G and beyond 5G (B5G) networks. This innovation streamlines the process of data transfer between devices that are in close physical proximity to each other. D2D communication capitalizes on the capabilities of nearby devices to communicate directly with one another, thereby optimizing the efficient utilization of available network resources, reducing latency, enhancing data transmission speed, and increasing the overall network capacity. In essence, it empowers more effective and rapid data sharing among neighboring devices, which is especially advantageous within the advanced landscape of mobile networks such as 5G and B5G. The development of D2D communication is largely driven by mobile operators who gather and leverage short-range communications data to propel this technology forward. This data is vital for maintaining proximity-based services and enhancing network performance. The primary objective of this research is to provide a comprehensive overview of recent progress in different aspects of D2D communication, including the discovery process, mode selection methods, interference management, power allocation, and how D2D is employed in 5G technologies. Furthermore, the study also underscores the unresolved issues and identifies the challenges associated with D2D communication, shedding light on areas that need further exploration and development.