Fibroblast Growth Factor 21 (FGF21) is an endogenous hormone primarily produced in the liver and adipose tissue, belonging to the FGF19 subfamily of growth factors. It is a protein that plays a significant role in inter-organ communication and is involved in various physiological processes, including metabolism, reproduction, and immunity. Researchers have found that FGF21 is expressed not only in hepatic tissues but also in adipose tissue, thymus, heart, pancreas, and skeletal muscle in mice. Elevated levels of FGF21 have been associated with conditions such as obesity, type 2 diabetes, preeclampsia, and cancer. FGF21 has been extensively studied for its role in regulating glucose and lipid metabolism. It is known to protect against diseases by mediating autophagy and has been investigated for its potential therapeutic effects in osteoarthritis, nonalcoholic fatty liver disease (NAFLD), and atherosclerosis. The mechanism of action of FGF21 involves binding to the β-Klotho co-receptor and FGF receptors, primarily in hepatic and adipose tissues, which triggers downstream signaling pathways affecting fat and glucose metabolism. Researchers have observed that FGF21 influences pathways such as the SIRT1-mTOR signaling pathway, which is crucial in autophagy and cellular senescence. Pharmacokinetic properties of FGF21, including its half-life and bioavailability, are not well-documented in the literature, indicating a need for further research. Clinically, FGF21-based therapies are being explored for their potential in treating metabolic dysfunction-associated steatotic liver disease and other metabolic disorders. However, the safety and efficacy of these therapies are still under investigation, with concerns about injection site reactions and effects on bone homeostasis requiring careful evaluation. Regulatory standing varies by region, with ongoing research and clinical trials shaping its future therapeutic applications.