In an electrical power transformer, there are primary, secondary, and maybe tertiary windings. The performance of a transformer mainly depends upon the flux linkages between these windings. For efficient flux linking between these windings, one low reluctance magnetic path common to all windings should be provided in the transformer. This low reluctance magnetic path in a transformer is known as the core of the transformer.
The purpose of the core in an electric transformer is to provide a magnetic path. wood is poor magnetic material compared to the iron core.