IPA: /ˈmʌl.tɪ.foʊld/
KK: /mʌlˈtɪfoʊld/
Having many different parts or forms; diverse and varied.
The project had multifold benefits for the community.
Multifold → It is formed from "multi-" (meaning many) and "fold" (from Old English "faldan", meaning to fold). The word "multifold" means having many folds or layers.
Think of 'many' ('multi-') and 'folding' ('fold') together, which helps you remember that 'multifold' refers to something that has many layers or folds.
No commonly confused words.