Covariant density functional theory (CDFT) is one of the modern theoretical tools for describing the nuclear structure physics of finite nuclei. Its performance is defined by underlying covariant energy density functionals (CEDFs). In this dissertation and within the framework of the CDFT, different physical properties of the ground and the excited states of rotating and non-rotating nuclei have been investigated. A systematic global investigation of pairing properties based on all available experimental data on pairing indicators has been performed for the first time in the framework of covariant density functional theory. It is based on separable pairing interaction of Ref.\ \cite{TMR.09}. The optimization of the scaling factors of this interaction to experimental data clearly reveals its isospin dependence in the neutron subsystem. However, the situation is less certain in the proton subsystem since similar accuracy of the description of pairing indicators can be achieved both with isospin-dependent and mass-dependent scaling factors. The differences in the functional dependencies of scaling factors lead to the uncertainties in the prediction of proton and neutron pairing properties which are especially pronounced at high isospin and could have a significant impact on some physical observables. Although the present investigation is based on the NL5(E) covariant energy density functional (CEDF), its general conclusions are expected to be valid also for other CEDFs built at the Hartree level. It is shown for the first time that rotational bands which are proton unbound at zero or low spins can be transformed into proton bound ones at high spin by collective rotation of nuclear systems. This is due to strong Coriolis interaction, which acts on high-$N$ or strongly mixed M orbitals and drives the highest in energy occupied single-particle states of nucleonic configurations into the negative energy domain. Proton emission from such proton bound rotational states is suppressed by the disappearance of static pairing correlations at high spins of interest. These physical mechanisms lead to a substantial extension of the nuclear landscape beyond the spin zero proton drip line. In addition, a new phenomenon of the formation of giant proton halos in rotating nuclei emerges: it is triggered by the occupation of strongly mixed M intruder orbitals. Possible experimental fingerprints of the transition from particle bound to particle unbound part of rotational bands are discussed and compared for proton and neutron rich nuclei near and beyond respective drip lines.