Iron oxide nanoparticles (FeO NPs) attracted significant scientific interest, considering their immense diversity of usage and biocompatibility. Perceiving the growing importance of sustainable chemistry, many efforts have been made to prepare these NPs using naturally occurring materials mostly plant extracts and microbes. Magnetic NPs (MNPs) are commonly used as composites and are considered in two matters: synthesis and modification of their functional groups. Biopolymeric nanocomposites are a group of hybrid materials composed of natural polymers and inorganic nanomaterials. Biopolymers such as alginate, cellulose, starch, gelatin, chitosan, etc. have been considered extensively and provided composites with better electrical and mechanical thermal properties. FeO NPs incorporated in a polymer and biopolymer matrix is a good instance of the functional nanostructure, which has been able to enhance the properties of both ingredients. These hybrids can have impressive applications in various scopes such as magneto-optical storage, electromagnetic interference shielding, catalyst, water remediation, biomedical sensing, and so on. In this study, we have tried to briefly introduce FeO NPs, investigate the green and sustainable methods that have been suggested for its synthesis and review recent utilization of their biopolymeric nanocomposite (NC) including starch, chitosan, dextrin, etc. as catalysts and photocatalysts.