The chemical element with the symbol "Fe" is iron. It derives its symbol from its Latin name "ferrum." Iron is a transition metal and is the fourth most abundant element in the universe by mass. It is essential for life and is a major component of hemoglobin, which is crucial for transporting oxygen in the blood of living organisms. Iron is widely used in construction and manufacturing due to its strength and malleability. The element can be found in various ores, and its extraction and processing have been pivotal in industrial development throughout history.