Palladium supported magnetic nanoparticle (Pd@Fe3O4/AMOCAA) was easily prepared in the presence of Scrophularia striata extract and fully characterized by FT‐IR, SEM, VSM, TEM, TGA, XRD and EDAX. It was successfully employed as an easily separable and reusable effective heterogeneous catalyst classical Suzuki and Sonogashira cross‐coupling reaction. Sustainability of the methodology was reserved by easy recovery of the catalyst using an external magnet and reusing it for 7 times without appreciable loss of its catalytic activity.