The carved lacquer horse-hoof-shaped box excavated from Yulin, Shaanxi Province, represents a typical example of lacquerware preservation in the arid environment of northern China, exhibiting multiple deterioration phenomena, including substrate deformation, lacquer film peeling, and pigment fading. To systematically analyze its structural composition and craftsmanship features, this study employed multiple analytical techniques, including ultra-depth microscopy, scanning electron microscopy with energy-dispersive X-ray spectroscopy (SEM-EDS), confocal laser micro-Raman spectroscopy (Raman), Fourier transform infrared spectroscopy (FT-IR), X-ray diffraction (XRD), and pyrolysis-gas chromatography/mass spectrometry (Py-GC/MS). Based on these analyses, a targeted conservation protocol was developed. Results revealed that the carved lacquer horse-hoof-shaped box has a wooden substrate structure, with the lacquer ash layer composed of mixed materials, including calcium carbonate (CaCO3), quartz (SiO2), and hydroxyapatite (Ca10(PO4)6(OH)2). The lacquer film layer contains Chinese lacquer and plant oils, with cinnabar applied as surface decoration. Based on these findings, a stratified reinforcement conservation strategy was proposed: under dynamic monitoring with optical fiber sensors and three-dimensional scanning, the wooden substrate was reinforced with moisture-curable polyurethane (MCPU), the lacquer ash layer was strengthened with acrylic emulsion (Primal AC33), aged areas were restored with nano calcium hydroxide (Ca(OH)2) aqueous dispersion, and polyethylene glycol (PEG 400) poultice application was implemented to restore the flexibility of the lacquer film. This research significantly enhanced the integrity and stability of the carved lacquer horse-hoof-shaped box, providing practical evidence and technical references for the scientific conservation of lacquerware excavated from arid regions of northern China.