The accuracy and consistency of Earth observation (EO) instrument radiometric calibration is a fundamental prerequisite for achieving accurate results and delivering reliable predictions. Frequent calibration and validation (Cal/Val) activities are needed during the instrument's lifetime, and this procedure is often extended to historical archives. Numerous satellites in orbit and proposed future missions have incorporated lunar observation into their vicarious calibration components over recent years, facilitated by the extreme long-term photometric stability of the Moon. Since the birth of the first lunar calibration reference model, lunar-dependent calibration techniques have developed rapidly, and the application and refinement of the lunar radiometric model have become a welcome research focus in the calibration community. Within the context of the development of lunar observation activities and calibration systems globally, we provide a comprehensive review of the activities and results spawned by treating the Moon as a reference for instrument response and categorize them against the understanding of lunar radiometric reference. In general, this appears to be a process of moving from data to instruments, then back into data, working towards a stated goal. Here we highlight lunar radiometric models developed by different institutions or agencies over the last two decades while reporting on the known limitations of these solutions, with unresolved challenges remaining and multiple lunar observation plans and concepts attempting to address them from various perspectives, presenting a temporal development. We also observe that the methods seeking uncertainty reduction at this stage are rather homogeneous, lacking the combination of approaches or results from lunar surface studies conducted by many spacecraft missions, and joint deep learning methods to extract information. The factors that influence the accuracy of the measurement irradiance may be regulated when practical models arrive. As a central element in lunar calibration, the development of an absolute radiometric datum helps to better understand the Earth system.