The invention discloses a multifunctional workpiece processing device, which comprises a pedestal, an idler wheel, a supporting plate, an upright post, a longitudinal sliding rail, a lifting slide carriage, a polishing motor, a grinding wheel, a beam, a lateral sliding rail, a first sideslip slide carriage, a punching motor, a second sideslip slide carriage, a telescopic boom, a rotary union, an axle sleeve, a rocker arm, a rotary motor, a workbench,20, an aggregate groove, a pulling box, a sorption pump, an air pipe, a filter, and a drill bit. The multifunctional workpiece processing device with compact structure is convenient to use, and achieves workpiece integration by arranging an elevating structure, a horizontal movement structure, and a rotary structure. In the operating process, the device can simultaneously polish and punch the workpiece according to the processing requirement so as to effectively save time and manpower, and improve production efficiency. In the processing, the aggregate groove can collect processing scraps so as to avoid influencing the processing condition, reutilize the processing scraps, effectively save resources, and adapt to various different workpatterns.