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Although hydrogen generation by water electrolysis is the cheapest of all other available sources, water splitting still occurs with sluggish kinetics. It is a challenging barrier for H2 production on a large scale. Moreover, research is still underway to understand the oxygen evolution reaction (OER) and design the catalysts with improved OER performance. Herein, we report the synthesis, characterization, and OER performance of iron-doped copper oxide (CuO) as low-cost catalysts for water oxidation. The OER occurs at about 1.49 V versus the RHE with a Tafel slope of 69 mV/dec in a 1 M KOH solution. The overpotential of 338 mV at 10 mA/cm2 is among the lowest compared with other copper-based materials. The catalyst can deliver a stable current density of >10 mA/cm2 for more than 10 hours. Additionally, wastewater treatment, particularly synthetic dye wastewater, is vital for preventing water scarcity and adverse effects on human health and ecotoxicology. The as-synthesized catalysts are also utilized for Fenton-like photo-degradation under low-power visible household LED lights toward the most commonly industrially used simulated Methylene blue dye wastewater. Almost complete degradation of the MB dye has been achieved within 50 minutes of visible light irradiation with a first-order rate constant of 0.0973/min. This dual functionality feature can open new pathways as a non-noble, highly efficient, and robust catalyst for OER and wastewater treatments.