In this study, the Fe(III)–porphyrin complex (FePOphy complex) was successfully utilized as an efficient and recyclable catalyst for a one-pot, three-component reaction involving aromatic aldehydes, 2,4-thiazolidenedione, and malononitrile. This reaction led to the synthesis of pyrano thiazole 6-carbonitrile derivatives under environmentally friendly conditions. The structures of the formed compounds were determined through elemental and spectral analyses including infrared (IR, 1H NMR and 13C NMR, CHN and mass spectrometry, confirming the successful synthesis of the desired products. The reactions were conducted in a compassionate environment using a green solvent (H2O/EtOH). The outcomes demonstrated the excellent catalytic activity and selectivity of the complexes, which led to good yields of the intended products. As a result, the study offers useful information on the FePOphy complex’ synthetic uses, and the creation of effective and environmentally acceptable catalysts, and emphasizes their potential as powerful catalysts for a variety of organic transformations. This strategy’s simplicity, safety, commercially accessible catalyst, stability, fast reaction time, and outstanding yields may be used in the industry in the future.