As a continuation of our efforts to develop new heterogeneous nanomagnetic catalysts for greener reactions, we identified a Schiff base-palladium(II) complex anchored on magnetic nanoparticles (SB-Pd@MNPs) as a highly active nanomagnetic catalyst for Suzuki-Miyaura cross-coupling reactions between phenylboronic acid and aryl halides and for the reduction of nitroarenes using sodium borohydride in an aqueous medium at room temperature. The SB-Pd@MNPs nanomagnetic catalyst shows notable advantages such as simplicity of operation, excellent yields, short reaction times, heterogeneous nature, easy magnetic work up and recyclability. Characterization of the synthesized SB-Pd@MNPs nanomagnetic catalyst was performed with various physicochemical methods such as attenuated total reflectance infrared spectroscopy, UV-visible spectroscopy, inductively coupled plasma atomic emission spectroscopy, energy-dispersive X-ray spectroscopy, field-emission scanning electron microscopy, transmission electron microscopy, powder X-ray powder diffraction, thermogravimetric analysis and Brunauer-Emmett-Teller surface area analysis.