The invention discloses a method for preparing magnesium-aluminum-zinc hydrotalcite from aluminum-air battery electrolytic waste liquid, and application thereof. The preparation method comprises a scheme 1 or a scheme 2, and the scheme 1 comprises the following steps: filtering the aluminum-air battery electrolytic waste liquid in advance, reacting filtrate with a magnesium source and a zinc source, carrying out solid-liquid separation to obtain hydroxyl type magnesium-aluminum-zinc hydrotalcite, reacting the hydroxyl type magnesium-aluminum-zinc hydrotalcite with a carbon source, and filtering to obtain magnesium-aluminum-zinc hydrotalcite; and the scheme 2 comprises the following steps: directly reacting filtrate obtained by filtering the aluminum-air battery electrolytic waste liquid with the magnesium source, the zinc source and the carbon source, and performing solid-liquid separation to obtain magnesium-aluminum-zinc hydrotalcite. By adopting the method, resource utilization of the aluminum-air battery electrolytic waste liquid can be realized, the magnesium-aluminum-zinc hydrotalcite with a relatively high additional value can be obtained, the production cost of the hydrotalcite can be reduced, and the prepared magnesium-aluminum-zinc hydrotalcite is relatively low in impurity content, easy in crystal form control, simple in equipment operation, relatively low in production cost, energy-saving and environment-friendly, and is easy to realize industrial production.