The present invention relates to the field of sodium-ion battery technology, and specifically, to a method for preparing carbon-coated sodium iron fluorophosphate from waste lithium iron phosphate and the application thereof. The method for preparing carbon-coated sodium iron fluorophosphate from waste lithium iron phosphate includes: mixing a waste lithium iron phosphate material with an alkaline solution for reaction, followed by solid-liquid separation, to obtain an aluminum-containing filtrate and a lithium iron phosphate filter residue; mixing the lithium iron phosphate filter residue, aluminum chloride and sodium chloride uniformly, followed by vacuum calcination, to obtain a calcination material; and mixing the calcination material with at least one of a sodium source, an iron source and a phosphorus source uniformly to obtain a mixture to which a fluorine source, a carbon source and a solvent are added for uniformly mixing, followed by drying and calcination sequentially to obtain the carbon-coated sodium iron fluorophosphate. The method has the advantages of low costs, a high added value, a short process, and a high recovery rate, and the carbon-coated sodium iron fluorophosphate obtained from the method has excellent electrochemical performance.