This study comprehensively investigates the structural, morphological, dielectric, and conductivity properties of Ni0.5Zn0.5Fe2O4 nanoparticles synthesized through a hydrothermal method, focusing on their suitability for technological applications. The nanoparticles exhibited a cubic structure with an average grain size of approximately 19 nm. The dielectric properties were analyzed with respect to frequency and temperature, showcasing behaviors consistent with Maxwell-Wagner and Koop's theories. The dielectric plane plots, corresponding to the impedance circuit in the Smith Chart, were found to align with the Davidson-Cole relaxation model. Moreover, the conductivity properties adhered to the Jonscher Power law, resembling conductive properties akin to semiconductors in accordance with the band theory. Notably, the s parameter, indicative of the DC conduction mechanism, displayed temperature-dependent variations, suggesting compatibility with the small polar and correlated hopping barrier conduction models. The thermal activation energies of the Ni0.5Zn0.5Fe2O4 nanoparticles at 102, 103, 104, 105, and 106 rad/s frequencies have been recorded at 0.115, 0.141, 0.157, 0.133 and 0.121 eV, respectively. The experimental results strongly suggest that Ni0.5Zn0.5Fe2O4 nanoparticles hold promise as an inspiring material for electronic circuit applications.