We focus on the ferromagnetic thin films and review progress in understanding the magnetization dynamic of coherent precession, its application in seeking better high frequency magnetic properties for magnetic materials at GHz frequency, as well as new approaches to these materials’ characterization. High frequency magnetic properties of magnetic materials determined by the magnetization dynamics of coherent precession are described by the Landau–Lifshitz–Gilbert equation. However, the complexity of the equation results in a lack of analytically universal information between the high frequency magnetic properties and the magnetization dynamics of coherent precession. Consequently, searching for magnetic materials with higher permeability at higher working frequency is still done case by case.