Over the last fewdecades, the application of nanoparticles (NPs) gained immenseattention towardsenvironmental and biomedical applications. NPs are ultra-small particles having size ranges from 1 to 100nm. NPs loaded with therapeutic or imaging compounds have proved a versatile approach towards healthcare improvements. Among various inorganic NPs, zinc ferrite (ZnFe2O4) NPs are considered asnon-toxic and having animproved drug delivery characteristics. Several studies have reported broader applications of ZnFe2O4 NPs for treating carcinoma and various infectious diseases. Additionally, these NPs are beneficial for reducing organic and inorganic environmental pollutants. This review discussesaboutvarious methods to fabricate ZnFe2O4 NPs and their physicochemical properties. Further, their biomedical and environmental applications have also been exploredcomprehensively.