Abstract: A multi-use functional cotton, and, more particularly, a multi-use functional cotton including a composition for manufacturing a multi-use functional cotton, and to a method for manufacturing the same are provided. Here, the composition includes natural cotton, an ammonium aqueous solution, a first ammonium phosphate, boron, an anionic surfactant, a fluorine-based water repellent, and an acrylic phosphate-based coupling agent. The multi-use functional cotton can be useful in maintaining a thermal retention property, a thermal insulation property and cold resistance of the natural cotton as a functional chemical, which is harmless to the human body, is allowed to permeate into a hollow tissue (lumen) of the natural cotton, and improving elasticity, tensile strength and bursting strength since more closed cells are formed than natural cotton not treated with the functional chemical.