The removal of small amounts of phenylacetylene from styrene is a crucial step in the production of high-quality styrene feedstocks. In the presence of a large amount of styrene and a small amount of phenylacetylene, achieving and maintaining high selectivity of styrene remains a significant challenge. In this work, a catalyst denoted as Pd1.25-Fe-N-C/VC was designed and synthesized with remarkably low Pd loading (the actual Pd content was 0.96 wt%). The catalyst exhibited a satisfactory selectivity for styrene (>95 %) and maintained high selectivity levels (>90 %) in the semi-hydrogenation of phenylacetylene even with prolonged reaction time. Pd nanoparticles (NPs) were well distributed and securely anchored onto the Fe-N-C/VC support with a hierarchical mesoporous structure, which obtained from the pyrolysis of a hexagonal star-like Fe-doped zeolitic imidazolate framework with vitamin C surfactant (Fe-doped ZIF/VC). The remarkable catalytic properties may be partly ascribed to the effective synergy effect of the uniformly well-dispersed Fe-Nx (x represents the coordination number) with Pd active centers, which could modulate the adsorption kinetics of the reactant alkynes and alkenes and thus enhancing the selectivity towards styrene. Meanwhile, the hierarchical mesoporous structure is beneficial for the mass transfer, which can effectively promote the interactions between the reactants and active centers. Possible mechanism for the selective hydrogenation of phenylacetylene catalyzed by Pd1.25-Fe-N-C/VC was also illustrated. Moreover, the Pd1.25-Fe-N-C/VC catalyst exhibited sustained catalytic activity and selectivity even after four continuous cycle tests, showing notable reusability and stability. This work may offer a promising approach for creating highly efficient Pd-based catalysts with remarkably low Pd loading for phenylacetylene semi-hydrogenation.