The invention relates to an optical element for the field of optical fiber sensing or optical fiber communication, in particular to a multifunctional integrated optical modulator for integrating a coupler of an inclined passing arm in a single Y-shaped waveguide as well as a production method of the modulator. The multifunctional integrated optical modulator comprises a crystal substrate, a Y-shaped waveguide, an inclined passing arm waveguide and a waveguide electrode, wherein the Y-shaped waveguide and the inclined passing arm waveguide form an integrated coupler with a special structure. With the structure, the multifunctional integrated optical modulator can solve the problems of not high signal-noise ratio and extra 3dB which is 50 percent of light wave loss, wide wavelength band and the like in the prior art. In addition, the invention has the advantages of insensitive temperature, wide wavelength band, larger tolerance of production process and the like.