A novel ZrO2 supported on a magnetic biochar material (CoFe2O4/BC‐ZrO2) was synthesized using a relatively simple route. The prepared CoFe2O4/BC‐ZrO2 was characterized by X‐ray diffraction (XRD), Fourier transform infrared (FT‐IR) spectroscopy, scanning electron microscopy (SEM), transmission electron microscopy (TEM), energy‐dispersed X‐ray (EDX) elemental analysis, N2 adsorption–desorption isotherm, thermogravimetric analysis (TGA), and magnetic properties. The CoFe2O4/BC‐ZrO2 showed high catalytic activity for the synthesis of spiro[furo[3,4‐b]quinoline via a one‐pot three‐component reaction of benzene‐1,2‐diamine, indoline‐2,3‐dione, and tetronic acid. The catalyst can be recovered by an external magnetic field and recycled at least five times without significantly reducing its activity.