Combining therapeutic and diagnostic capabilities in one dose using nanoparticles promises to push the biomedical field toward the next generation of personalized medicine. Magnetic graphitic nanocapsules (MGNs) represent a cuttingedge tool in the biomedical field because of their incomparable magnetic properties and versatile functionalization. This paper reviews a series of MGNs and provides instructive guidelines for the design of MGNs with enhanced properties. Then, we highlight recent progress in MGNs for biomedical application studies such as multimode imaging, magnetic navigation, imaging-guided therapy, and synergistic therapy. Finally, we discuss some future directions of MGNs that can produce pronounced effects in the biomedical field.