In this study, a novel polyacrylate-co-vinyl imidazole hydrogel-supported palladium (Pd) catalyst (P(AA-co-VI)@Pd) was prepared through heat-initiated polymerization, starting with the formation of a complex between vinyl imidazole and palladium chloride, followed by the addition of 75% neutralized acrylic acid (AA), crosslinking agent, and initiator. The structure and morphology of the catalyst were characterized using ICP-OES, SEM, EDX, Mapping, FT-IR, TGA, XRD, XPS and TEM techniques. It was confirmed that the catalyst exhibited excellent compatibility with water solvent and uniform distribution of Pd. The P(AA-co-VI)@Pd hydrogel catalyst demonstrated remarkable catalytic activity and ease of separation. Notably, in a Tsuji–Trost reaction, employing water as the solvent, it achieved a conversion rate as high as 94% at very low catalyst dosages, indicating its superior catalytic performance. Moreover, after six consecutive cycles, the catalyst maintained good activity and structural stability, highlighting its exceptional reusability and environmental friendliness. Furthermore, the outstanding efficiency of the catalyst was also observed in a Suzuki coupling reaction where both conversion rate and yield reached 100% and 99%, respectively, within just one hour reaction time, thus further validating its universality and efficacy across various chemical reactions.