The method of finite elements was developed at perfectly right times; growing computer capacities, growing human skills and industry demands for ever faster and cost effective product development providing unlimited possibilities for the researching community. This paper reviews the basic concept, current status, advances, advantages, limitations and applications of finite element method (FEM) in restorative dentistry and endodontics. Finite element method is able to reveal the otherwise inaccessible stress distribution within the tooth-restoration complex and it has proven to be a useful tool in the thinking process for the understanding of tooth biomechanics and the biomimetic approach in restorative dentistry. Further improvement of the non-linear FEM solutions should be encouraged to widen the range of applications in dental and oral health science.