The invention relates to the technical field of drilling engineering machinery and in particular to a multifunctional ground stud pulling device and a method for using the same. A vehicle is formed bya pressure lever, an axle, and wheels connected to both ends of the axle. A pulling device is in parallel to the ground and has one end fixedly connected to the axle. The pressure lever is located atthe rear end of the middle axle wall of the axle. The pulling device is located at the front end of the middle axle wall of the axle and is intended to be engaged with a ground stud. The whole groundstud pulling device is pushed through the wheels to a position where the ground stud is required to be pulled by holding a handle. Then, the pressure level is pressed such that the pulling device andthe pressure level constitute a lever principle and the axle and the wheels constitute a fulcrum to pull up the ground stud. The multifunctional ground stud pulling device is simple in structure andis easy to use, can be used for multiple purposes, can greatly reduce the labor intensity of drillers in the process of pulling the ground stud and arranging a drill pipe, is safe and convenient to operate and labor-efficient.