A 3D chemically stable MOF of {[Cd-1.5(DBPT)(DiPyDz)(H2O)]3.5H(2)O}(n) (1) was successfully synthesized by a hydrothermal process, with the help of multifunctional ligand of H3DBPT (3-(3,5-dicarboxylphenyl)-5-(4-carboxylphenyl)-1-H-1,2,4-triazole) and bridging ligand of 1,2-di(pyridine-4-yl)diazene (DiPyDz). Characterizations of PXRD, FT-IR, TG and PL analysis for compound 1 were implemented. The overall structure maintains thermally stable up to 354 degrees C and keeps structural stability in common solvents after 48h immersion. Most strikingly, it could maintain the crystallinity in water even for 10days. It exhibits strong emission peak centered at 412nm upon excitation at 280nm, which could be attributed to the intra-ligand charge transfer of the H3DBPT ligand. It has proved itself an efficient sensor not only for acetone at low concentration but also for Fe3+ ion. The detection limit is estimated to be 0.0013% (v/v%) for the acetone, and 78ppb for the Fe3+ ion, respectively. The K-SV value for sensing Fe3+ ion is calculated to be 4.78x10(5)M(-1), which is the third top one among the reported excellent MOFs-based sensors. The sensing performance is not affected even in the existence of interference metal ions, which reflects the high application potentials for the effective detection of Fe3+ in an aqueous system.