Shaw Boulevard station was opened on December 15, 1999, as part of MRT's initial section from North Avenue to Buendia.

It also provides indirect access to Parklea Centre, Cityland Grand Central Residences, and ANF Commercial Center, which is located across Sultan Street.

A narrow, elevated walkway on the second level of the station (outside of the fare gates) can be accessed at the midway of the Shaw Boulevard intersection escalators on the northern concourse.

Commuters can also walk or take alternate forms of transportation to the EDSA Shangri-La Hotel, SM Megamall, St. Francis Square, and The Podium.

Shaw Boulevard station is a major transfer point for commuters taking other forms of transportation such as buses, taxis, jeepneys, and UV Express.

The closest taxi stands include Starmall, Greenfield District (at Santo Cristo Street), and Shangri-La Plaza (at the entrance opposite Shaw Boulevard).