Multiple inheritance allows a class to inherit from more than one parent class. This enables a derived class to inherit members from multiple base classes. However, multiple inheritance also introduces several problems including ambiguity when multiple parent classes contain methods with the same name, and the "diamond problem" where a class inherits from two parents that both inherit from the same grandparent class. Explicitly specifying which parent class's method to call can resolve naming conflicts, but complexity increases exponentially with more inherited classes. Overall, multiple inheritance improves code reuse but is prone to issues that make programs harder to understand and maintain.