Herein, we present the exceptional performance of FeCx-coated carbon sheets (FC) derived from the pyrolysis of waste biomass as a bifunctional catalyst for electrochemical detection and catalytic reduction of 4-nitrophenol (4-NP). Despite having a lower surface area, larger particle size, and lesser N content, the FC material prepared at a calcination temperature of 900 degree celsius (FC900) outperforms the other samples. Deeper investigations revealed that the FC900 efficiently facilitates the charge transfer process and enhances the diffusion rate of 4-NP, leading to increased surface coverage of 4-NP on the surface of FC900. Additionally, relatively weaker interactions between 4-NP and FC900 allow the facile adsorption and desorption of reaction intermediates. Due to the synergetic interplay of these factors, FC900 exhibited a linear response to changes in 4-NP concentration from 1 mu M to 100 mu M with a low limit of detection (LOD) of 84 nM (S/N = 3) and high sensitivity of 12.15 mu A mu M-1 cm(-2). Importantly, it selectively detects 4-NP in the presence of five times more concentrated 2-aminophenol, 4-aminophenol, catechol, resorcinol, and hydroquinone and ten times more concentrated metal salts such as Na2SO4. NaNO3, KCl, CuCl2, and CaCl2. Moreover, FC900 can accurately detect micromolar levels of 4-NP in river water with high recovery values (99.8-103.5 %). In addition, FC900 exhibited outstanding catalytic activity in reducing 4-NP to 4-aminophenol (4-AP), achieving complete conversion within 8 min with a high-rate constant of 0.42 min(-1). FC900 also shows high recyclability in six consecutive catalytic reactions due to Fe magnetic property.