The invention discloses a high-temperature high-pressure supercritical carbon dioxide capillary viscometer and a utilization method thereof. The high-temperature high-pressure supercritical carbon dioxide capillary viscometer comprises a first intermediate container, a second intermediate container, a first electromagnetic stirrer, a second electromagnetic stirrer, a carbon dioxide source, a constant-speed constant-pressure tracking pump, a first water storage tank, a polishing capillary, a differential pressure transmitter, a back-pressure valve, a first pressure gauge, a booster pump, a second water storage tank and a constant-temperature device. The viscometer overcomes the defect that conventional high-pressure capillary viscometers fail to measure compressible fluid, is applicable to estimation of viscosity of any types of non-Newtonian fluids, avoids measurement errors caused by increase and decrease of carbon dioxide for changing pressures, improves experiment precision, and realizes estimation of variation relation of fluid viscosity along with shear rate at different temperatures and under different pressures in one experiment to further realize continuous operations, thereby providing a technical support for oil field onsite drilling and fracturing construction schemes.