Ontologies play a pivotal role in knowledge representation, particularly beneficial for the Architecture, Engineering, and Construction (AEC) sector due to its inherent data diversity and intricacy. Despite the growing interest in ontology and data integration research, especially with the advent of knowledge graphs and digital twins, a noticeable lack of consolidated academic synthesis still needs to be addressed. This review paper aims to bridge that gap, meticulously analysing 142 journal articles from 2000 to 2021 on the application of ontologies in the AEC sector. The research is segmented through systematic evaluation into ten application domains within the construction realm- process, cost, operation/maintenance, health/safety, sustainability, monitoring/control, intelligent cities, heritage building information modelling (HBIM), compliance, and miscellaneous. This categorisation aids in pinpointing ontologies suitable for various research objectives. Furthermore, the paper highlights prevalent limitations within current ontology studies in the AEC sector. It offers strategic recommendations, presenting a well-defined path for future research to address these gaps.