Phase, frequency, and time synchronization are crucial requirements for many applications, such as multistatic remote sensing and communication systems. Moreover, the synchronization solution becomes even more challenging when the nodes are orbiting or flying on airborne or spaceborne platforms. This article compares the available technologies used for the synchronization and coordination of nodes in distributed remote sensing applications. Additionally, this article proposes a general system model and identifies preliminary guidelines and critical elements for implementing the synchronization mechanisms exploiting the intersatellite communication link. The distributed phase synchronization loop introduced in this work deals with the self-interference in a full-duplex point to point scenario by transmitting two carriers at each node. All carriers appear with different frequency offsets around a central frequency, called the application central-frequency or the beamforming frequency. This article includes a detailed analysis of the proposed algorithm and the required simulations to verify its performance for different phase noise, additive white Gaussian noise, and Doppler shift scenarios.