In this work, a new palladium nanocatalyst was supported on CBCE functionalized MNPs (MgFe2O4@SiO2@CBCE-Pd) and was characterized by EDS, FTIR, SEM, ICP, XRD, VSM, and TGA techniques. The performance of MgFe2O4@SiO2@CBCE-Pd was found to exhibit excellent catalytic activity for CO and C–C cross-coupling reactions. The nanocatalyst showed high activity and efficiency as evidenced by the excellent yields of products obtained from the C–O and CC coupling reaction. Additionally, the synthesized nanocatalyst can be retrieved using a magnet and employed for up to four cycles without diminishing its catalytic effectiveness.