Herein, a new Cu(II) Schiff base complex was immobilized onto the magnetic graphene oxide surface through a stepwise procedure. The as‐synthesized nanostructure (GO/Fe3O4/CuL) was characterized by various techniques including Fourier transform infrared (FT‐IR), Raman spectroscopies, scanning electron microscopy (SEM), transmission electron microscopy (TEM), thermal gravimetric analysis (TGA), energy‐dispersive X‐ray (EDX) and inductively coupled plasma (ICP) spectroscopies, N2 adsorption–desorption analysis, vibrating sample magnetometry (VSM), and X‐ray diffraction (XRD). The catalytic activity of the synthesized nanocatalyst was examined in 4‐nitrophenol (4‐NP), Congo red (CR), and methylene blue (MB) reduction using NaBH4 in an aqueous solution at room temperature. The reaction progress was monitored by UV–Vis spectroscopy. Also, the synthesized nanostructure was evaluated as an efficient catalyst for the synthesis of 2‐amino‐4H‐benzopyrans via three‐component reactions of 1‐naphthol, malononitrile, and various aldehydes in ethanol/water at 50°C. The use of green solvents, the short reaction time, the high product yield, and easy separation from the reaction environment are the main benefits of this catalytic system. By covalent grafting of the complex on the graphene oxide surface, its catalytic performance significantly increased compared with graphene oxide; this is probably related to the chemical change of the graphene oxide surface. The results show the high chemical stability and the improved reusability of the synthesized nanocatalyst (six times) without significant loss in the catalytic activity of GO/Fe3O4/CuL nanocomposite.