A mild and robust synthetic strategy has been developed for the synthesis of 1,3-thiazolidin-4-one derivatives via a one-pot, three-component reaction of aromatic or heteroaromatic aldehydes, aromatic amines, and thioglycolic acid under solvent-free conditions at 110 °C. The reaction proceeds efficiently in the presence of iron oxide nanoparticles coated with hydroxyapatite (Fe3O4/HAP), serving as a heterogeneous solid-base nanocatalyst. This nanocatalyst produces good to excellent yields desired product and offers several practical advantages. Comprehensive characterization of the catalyst was performed using X-ray diffraction, Fourier transform infrared spectroscopy (FTIR), thermogravimetric analysis (TGA), and field emission scanning electron microscopy. The new synthetic methodology has a shorter reaction time, a broad-substrate scope, and an eco-friendly and solvent-free approach. Due to its strong magnetic responsiveness, the catalyst can be conveniently recovered using an external magnetic field and reused for five successive cycles with negligible loss in activity.