Exceptional points (EPs) are the spectral singularities and one of the central concepts of non-Hermitian physics, originating from the inevitable energy exchange with the surrounding environment. EPs exist in diverse physical systems and give rise to many counterintuitive effects, offering rich opportunities to control the dynamics and alter the properties of optical, electronic, acoustic, and mechanical states. The last two decades have witnessed the flourishing of non-Hermitian physics and associated applications related to coalesced eigenstates at EPs in a plethora of classical systems. While stemming from the quantum mechanism, the implementation of EPs in real quantum systems still faces challenges of tuning and stabilizing the systems at EPs, as well as the additional noises that hinder the observation of relevant phenomena. This review mainly focuses on summarizing the current efforts and opportunities offered by quantum EPs that result from or produce observable quantum effects. We introduce the concepts of Hamiltonian and Liouvillian EPs in the quantum regime and focus on their different properties in connection with quantum jumps and decoherence. We then provide a comprehensive discussion covering the theoretical and experimental advances in accessing EPs in diverse quantum systems and platforms. Special attention is paid to EP-based quantum-optics applications with state-of-art technologies. Finally, we present a discussion on the existing challenges of constructing quantum EPs at the nanoscale and an outlook on the fundamental science and applied technologies of quantum EPs, aiming to provide valuable insights for future research and building quantum devices with high performance and advanced functionalities.