The invention provides a multifunctional explosion-proof lamp, which comprises: a storage base with a storage space inside; a lamp head, which is rotatably arranged above the storage base, with an LED illuminating lampshade at one end and an indicator lampshade at the other end. The base for installing and fixing the explosion-proof lamp is set as the structure of the oil storage space, that is, the storage base 10, and its interior is used to place necessary tools or first-aid medicines, etc. In addition, in order to further increase the functionality of the explosion-proof lamp, the explosion-proof lamp The two ends are respectively arranged as an LED illuminating lampshade 21 and an indicator lampshade 22, which can be used as an illuminating lamp, and can also be used as an indicator lamp under dangerous conditions. The explosion-proof lamp provided by the present invention not only has the function of illuminating, but also can store tools for use, apply medicines, etc., and can also be used as an indicator lamp in an emergency, with strong functionality.