Abstract <p>Tandem reactions based on hydroformylation are an alternative route from olefins to the products of high value, whose classical synthesis procedures involve several steps. Reduction of the number of synthesis steps, equipment required, separation and purification procedures make tandem reactions promising for the development of less power- and resource-consuming procedures for producing a wide range of demanded compounds. Search for effective heterogeneous multifunctional catalysts for tandem reactions based on hydroformylation allows solving problems associated with the catalyst separation and recycling. The most important examples of using heterogeneous catalytic systems for reductive hydroformylation, hydroaminomethylation, hydroformylation– acetalization, and hydroformylation–aldol condensation are considered in this review. Key advantages in this field, operating principles of multifunctional catalysts, and the existing drawbacks that presently restrict the use of such catalysts are discussed.</p>