Among diverse CH bonds, direct functionalization of the benzylic position is particularly fascinating but a challenging process for synthetic chemists because alkyl arenes are abundant, cheap, and stable and at the same time suffer from issues of selectivity, functional group compatibility, and inclination toward over oxidation in benzylic CH functionalization. Among various transition metals, iron ideally conforms to the spirit of element strategy initiative. Hence, iron‐catalyzed benzylic CH functionalization has emerged as an area of significant interest to researchers. We will endeavor to highlight the recent advances in iron‐catalyzed benzylic CH functionalization for constructing CC, CN, and CO bonds. We hope that this review will be useful for synthetic organic chemists and inspire further discoveries in the interesting iron‐catalyzed CH functionalization area.