Ferrite materials are being widely used in magnetic, electronic and microwave devices. They have high resistivity and low eddy current losses which makes them better choice over metals. Apart from their promising magnetic properties, ferrites have now been explored for their adsorptive and catalytic properties. This chapter presents applications of ferrite nanoparticles in the diverse fields from magnetic devices to the adsorbents for remediation of heavy metals and organic contaminants. Their role in facile synthesis of organic compounds as catalysts where they can replace conventional processes is also discussed. Environmental remediation is the most recently explored area. Magnetic separation of nanoparticles facilitates their reuse age. The works reported on lab scale can be explored at large scale for environmental remediation.