Two-dimensional topological materials are ideal candidates for low-dissipation electronic devices due to their non-dissipative edge states. Graphene, as a typical two-dimensional system, can theoretically exhibit the quantum spin Hall effect under the spin-orbit coupling interaction. However, the band gap in graphene is only on the order of micro-electron volts, which seriously restricts its practical applications. In this work, using the first-principles calculations, we investigate the electronic structures and topological properties of strained Zr
2C
12, which is formed by substituting doping graphene with the group ⅣB 4d transition metal Zr. The phonon spectrum calculation confirms that the freestanding Zr
2C
12 exhibits excellent dynamic stability. When the spin-orbit coupling is excluded, the bands cross linearly at the
K point near the Fermi level, indicating the Dirac semimetal phase of freestanding Zr
2C
12. The Fermi velocity of the Dirac point is 0.677×10
6 m/s, which is approximately two-thirds of that in graphene (~1.00×10
6 m/s). When the spin-orbit coupling is considered, the Dirac point opens a gap of 4.09 meV, which is three orders of magnitude higher than that in undoped graphene. The parity analysis reveals that the
Z2 topological invariant of the freestanding Zr
2C
12 is 1, indicating that the system transitions into a two-dimensional topological insulator. We also study the properties of Zr
2C
12 under strain regulation. The calculation results show that the system remains dynamically stable over a wide strain range from –5% to 6%. When the spin-orbit coupling does not exist, the conduction band energy at the
Γ point continuously rises with the increase of strain, and the system maintains the Dirac semimetal phase. After considering the spin-orbit coupling, the system remains in the nontrivial topological insulator phase over a wide strain range from –5% to 6%, demonstrating robust topological properties. The band gap at the Dirac point first decreases and then increases as strain increases. When applying –1.6% compression strain, this band gap decreases to a minimum value of 0.059 meV. When the strain further increases to 6%, this gap increases to a maximum value of 8.41 meV. The calculations of edge states of Zr
2C
12 under a 6% expansion strain show that the gapless edge states connect the conduction bands and the valence bands, which further verifies the non-trivial topological properties of this system under strain regulation. This study expands the research on transition-metal-doped graphene systems, providing a good material platform for further studying low-dissipation electronic devices and quantum computing and communication.