This review explores the expanding role of electrochemical sensors across diverse domains such as environmental monitoring, medical diagnostics, and food quality assurance. In recent years, iron-based electrocatalysts have emerged as promising candidates for enhancing sensor performance. Notable for their non-toxicity, abundance, catalytic activity, and cost-effectiveness, these materials offer significant advantages. However, further investigation is needed to fully understand how iron-based materials' physical, chemical, and electrical properties influence their catalytic performance in sensor applications. It explores the overview of electrochemical sensor technology, examines the impact of iron-based materials and their characteristics on catalytic activity, and investigates various iron-based materials, their advantages, functionalization, and modification techniques. Additionally, the review investigates the application of iron-based electrode material composites in electrochemical sensors for real sample detections. Ultimately, continued research and development in this area promise to unlock new avenues for using iron-based electrode materials in sensor applications.