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Amorphous alloy powder can be obtained by rapid cooling atomization of certain alloy droplets. Fe-based amorphous alloy powder has been favored because of its low production cost and wide application range. Moreover, the application of Fe-based amorphous alloy powder provides a new solution for the application of bulk Fe-based amorphous alloys.The research progress of Fe-based amorphous alloy powder was reviewed, and its research status was summarized in four aspects: coating preparation, magnetic materials, laser 3D printing, and wastewater treatment. The advantages of Fe-based amorphous alloy powder in various fields were analyzed, and the research directions of Fe-based amorphous alloy powder in the fields of preparing high-quality coatings, reuse of aging magnetic powders and additive manufacturing were pointed out. Moreover, the application prospects of Fe-based amorphous alloy powder as sensing, control and other functional devices were prospected.In addition, it also shows great application potential in the fields of small size, low dimentional materials such as thin films and flexible electronics.