The invention provides a multifunctional fastening part and a use method thereof, and belongs to the field of mechanical accessories. The problems that an existing fastening part is low in efficiencyduring construction, troublesome in use and single in function are solved. The multifunctional fastening part comprises a bolt and a nut, the bolt comprises a screw rod and a screw head, the wall of the screw rod is provided with a clamping groove, the inner wall of the top end of the nut is provided with a sleeve groove, a clamping sleeve in the sleeve groove is further included, a clamping blockis mounted on the inner wall of the clamping sleeve, a limiting groove is formed in the outer wall of the clamping sleeve, the position, close to the upper side groove wall, of the limiting groove isan anti-theft segment, the position, close to the lower side groove wall, of the limiting groove is a loosening-prevention segment, a rod groove is formed in the wall of the sleeve groove, an elasticrod is mounted in the rod groove, a reset spring is mounted between the outer end of the elastic rod and the bottom of the rod groove, and pushes the elastic rod, and a limiting block is formed on the inner end of the elastic rod. The fastening part can be adjusted according to needs, the anti-loosening or anti-theft effect is achieved, and the use is convenient and efficient.