The invention belongs to the medical field and discloses folic acid dimer compound combined with folate receptor targeting and an application thereof. The compound is X2-Y-Z-A, wherein X2 is lysine and folic acid connecting dimer or lysine and folic acid derivative connecting dimer; Y is conjugate with (polyethylene glycol or polyethylene glycol derivative) m-lysine structure, and m is equal to 1, 2, 3, 4 or 5; Z is DOTA, NOTA, CB-TE2A, DTPA, NODAGA, the like substance or the derivative thereof; A is radionuclide, magnetic resonance imaging agent, chemical medicine or chemical medicine-loaded nano particle; the X, Y, Z and A are connected by covalent bond. The compound can be used for preparing tumor targeted imaging and treatment medicine, and the compound can effectively improve the gathering of the radionuclide in the tumor and metastasis thereof and improve the diagnosis efficiency and treatment effect.