This review article provides an in-depth analysis of recent advancements in the fabrication, structural characterization, and magnetic properties of Heusler alloy glass-coated microwires, focusing on Co₂FeSi alloys. These microwires exhibit unique thermal stability, high Curie temperatures, and tunable magnetic properties, making them suitable for a wide range of applications in spintronics, magnetic sensing, and biomedical engineering. The review emphasizes the influence of geometric parameters, annealing conditions, and compositional variations on the microstructure and magnetic behavior of these materials. Detailed discussions on the Taylor-Ulitovsky fabrication technique, X-ray diffraction (XRD) analysis, and scanning electron microscopy (SEM) provide insights into the structural properties of the microwires. The magnetic properties, including room-temperature behavior, temperature dependence, and the effects of annealing, are thoroughly examined. The potential applications of these microwires in advanced spintronic devices, magnetic sensors, and biomedical technologies are explored. The review concludes with future research directions, highlighting the potential for further advancements in the field of Heusler alloy microwires.