The invention discloses a compound solidifier for mucky soil, which includes, by weight, 46% of cement, 34% of slag, 15% of fly ash, and 5% of triethanolamine. In the invention, cement is used as a main solidifying material, the fly ash and the slag are used as alkaline activators, and the triethanolamine is used as a surfactant. The compound solidifier, on the basis of solidification mechanism, aims to increase pH value of soil body, promote procedure of hydration reaction of cement and setting and hardening of a hydrate, and enhance activity of ions participating in the reaction; by selecting the solidifying material and other components, the optimal solidification effect is achieved through a series of reactions. The invention also provides applications of the compound solidifier for mucky soil in solidification treatment of soft soil foundation. In practical engineering, addition amount of the compound solidifier is regulated so as to fit and solidify soft soil in different organic matter content and water content, thereby achieving best solidification and economic effect.