The invention discloses a multifunctional three-phase voltage regulation device, which comprises an A phase voltage regulator, a B phase voltage regulator, a C phase voltage regulator, an A phase current transformer, a B phase current transformer, a C phase current transformer, a control unit, and a three-phase linkage and single-control knob, wherein a three-phase circuit is independently connected with the control unit through the A phase voltage regulator, the B phase voltage regulator, the C phase voltage regulator, the A phase current transformer, the B phase current transformer and the Cphase current transformer, and the three-phase linkage and single-control knob is connected with the control unit for switching between the three-phase linkage knob and a split-phase knob. By use ofthe device, three-phase synchronous voltage regulation can be realized, three-phase independent voltage regulation also can be carried out, a regulation way is flexible, the problem of terminal low voltage caused by an overlong courts power supply radius can be effectively solved, the problem of voltage fluctuation caused by peak and valley periods and seasonal electricity utilization can be solved, and practical application requirements are met.