Fibroblast Growth Factor 21 (FGF21) is an endogenous hormone belonging to the FGF19 subfamily, primarily produced in the liver, but also expressed in adipose tissue, thymus, heart, pancreas, and skeletal muscle in mice. It is classified as a growth factor and plays a significant role in inter-organ communication. FGF21 is a pleiotropic hormone involved in various physiological processes, including metabolism, reproduction, and immunity. Researchers have extensively studied its roles in cardiovascular and metabolic diseases, ventilator-induced lung injury, iron overload-induced liver injury, and osteoarthritis. FGF21 acts through several pathways, including the AMPK, SIRT1, and mTOR signaling pathways, and has been shown to regulate autophagy, pyroptosis, and ferroptosis. It interacts with receptors and molecules such as NLRP3, caspase-1, and GSDMD, contributing to its protective effects in various conditions. Pharmacokinetic properties of FGF21 are limited, but native FGF21 is noted for poor pharmacokinetics and biophysical properties, prompting the development of FGF21-based drugs with improved profiles. Clinically, FGF21 is being explored for its therapeutic potential in treating metabolic dysfunction-associated steatotic liver disease and other conditions, although it is not yet widely approved for clinical use. Researchers continue to investigate its efficacy and safety in preclinical and clinical studies.