This document discusses the use of nanoparticles in drug delivery systems. Nanoparticles can be used to more precisely control the release of drugs in the body over time compared to traditional drug dosing. Magnetic nanoparticles are particularly useful as they can be guided to specific target sites in the body using external magnetic fields. The document outlines various methods for synthesizing magnetic nanoparticles and functionalizing them for drug delivery applications. Characterization techniques are also discussed for analyzing the nanoparticles. The document concludes that magnetic nanoparticles have the potential to improve drug targeting and control drug release while maintaining low toxicity.