Functional phase change materials (PCMs) capable of reversibly storing and releasing tremendous thermal energy during the isothermal phase change process have recently received tremendous attention in interdisciplinary applications. The smart integration of PCMs with functional supporting materials enables multiple cutting-edge interdisciplinary applications, including optical, electrical, magnetic, acoustic, medical, mechanical, and catalytic disciplines etc. Herein, we systematically discuss thermal storage mechanism, thermal transfer mechanism, and energy conversion mechanism, and summarize the state-of-the-art advances in interdisciplinary applications of PCMs. In particular, the applications of PCMs in acoustic, mechanical, and catalytic disciplines are still in their infancy. Simultaneously, in-depth insights into the correlations between microscopic structures and thermophysical properties of composite PCMs are revealed. Finally, current challenges and future prospects are also highlighted according to the up-to-date interdisciplinary applications of PCMs. This review aims to arouse broad research interest in the interdisciplinary community and provide constructive references for exploring next generation advanced multifunctional PCMs for interdisciplinary applications, thereby facilitating their major breakthroughs in both fundamental researches and commercial applications.