Lactoferrin (Lf) is 80 kDa iron-binding glycoprotein of transferrin family. It is made of single polypeptide chain folded into two symmetrical lobes. Lf is a basic, positively charged protein which has high iron binding affinity (Kd~10-20 M). Lf has been secreted from exocrine glands and in specific granules of Neutrophils. Lactoferrin has role in Iron transporting and various other biological functions like antibacterial, antiviral, antifungal, antiparasitic and anticarcinogenic. Recent progress in our understanding of the mechanisms of lactoferrin has led us to believe that this protein activates intracellular signaling, specifically through the modulation of cytokines, chemokines, growth factors and interleukins. The inflammatory diseases and tumour progression depends primarily on the dysfunction of these factors and the activation of immune cells such as T lymphocytes, monocytes and natural killer cells. Therefore, studying the possible influences of lactoferrin may exert on regulating these mediators is beneficial. However, lactoferrin has an immune-modulatory function that connection to immune response, disease regression and diagnosis. The important role of lactoferrin has made it attractive therapeutic agent against chronic diseases. Recent nanotechnology based strategies used to diagnosing infection, cancer, neurological and inflammatory diseases.