Magnetite (Fe₃O₄) nanoparticles (NPs) are attractive nanomaterials in the field of material science, chemistry, and physics because of their valuable properties, such as soft ferromagnetism, half-metallicity, and biocompatibility. Various structures of Fe₃O₄ NPs with different sizes, geometries, and nanoarchitectures have been synthesized, and the related properties have been studied with targets in multiple fields of applications, including biomedical devices, electronic devices, environmental solutions, and energy applications. Tailoring the sizes, geometries, magnetic properties, and functionalities is an important task that determines the performance of Fe₃O₄ NPs in many applications. Therefore, this review focuses on the crucial aspects of Fe₃O₄ NPs, including structures, synthesis, magnetic properties, and strategies for functionalization, which jointly determine the application performance of various Fe₃O₄ NP-based systems. We first summarize the recent advances in the synthesis of magnetite NPs with different sizes, morphologies, and magnetic properties. We also highlight the importance of synthetic factors in controlling the structures and properties of NPs, such as the uniformity of sizes, morphology, surfaces, and magnetic properties. Moreover, emerging applications using Fe₃O₄ NPs and their functionalized nanostructures are also highlighted with a focus on applications in biomedical technologies, biosensing, environmental remedies for water treatment, and energy storage and conversion devices.

Magnetic iron oxide nanoparticles (MIONPs) represent a versatile magnetic nanoparticle (NP) system with considerable, yet underexplored, potential in diverse applications, particularly in emerging biomedical fields such as magnetic resonance imaging, magnetic hyperthermia, targeted drug delivery, and biosensing. The successful translation of MIONPs into these applications requires reproducible synthesis methods and precise control over particle uniformity in terms of size, shape, and composition. However, reproducibility in nanoparticle synthesis remains a persistent challenge, limiting the ability of researchers to replicate results and integrate MIONPs into application-oriented studies. In recent years, substantial efforts have been directed toward elucidating synthesis mechanisms and improving both reproducibility and particle uniformity, enabling notable advances in the biomedical deployment of MIONPs. This review summarizes progress in the synthesis of MIONPs, with emphasis on three widely employed precursors: iron oleate, iron acetylacetonate, and iron pentacarbonyl. The discussion focuses on key findings in NP synthesis, relevant chemical aspects, and the magnetic properties of MIONPs, which are critical for optimizing their functional performance. By consolidating recent advances, this review aims to provide a reliable framework for the preparation of high-quality MIONPs and to support their effective use in specific biomedical applications.