The element with the chemical symbol 'Fe' is iron. Iron is a transition metal and is known for its unique properties, including strength, ductility, and magnetic characteristics. It is extensively used in construction, manufacturing, and various industrial applications, primarily in the form of steel, which is an alloy of iron and carbon. Iron plays a crucial role in biology as well; it is a vital component of hemoglobin, the protein in red blood cells that carries oxygen throughout the body. Its symbol 'Fe' originates from the Latin word "ferrum," meaning iron.