In deep excavation engineering, the implementation of cut-off walls stands as a crucial measure to ensure structural support stability. However, the existing theories for dewatering design often overlook the variations in cut-off wall penetration depths, potentially compromising the efficacy of groundwater control strategies. Addressing this gap, this study conducts a comprehensive investigation into the dynamics of groundwater levels within confined aquifers during the dewatering process of strip excavation pits with cut-off walls. Central to this inquiry is the conceptualization of the entire excavation pit as a singular large-diameter well, with the open part beneath the cut-off wall in the confined aquifer serving as a constant-flux boundary. Employing an advanced analytical modeling approach, the study formulates a robust framework to describe the intricate interplay of unsteady groundwater flow phenomena. Leveraging the techniques of the Laplace and finite cosine transform methods, a semi-analytical solution is derived to elucidate groundwater drawdown patterns over time. The validation of the proposed solution against finite element method results underscores its fidelity and applicability. The parametric analysis reveals a dynamic evolution in drawdown characteristics within the confined aquifer, transitioning from initially cone-shaped distributions to more linear profiles that eventually stabilize with prolonged dewatering. This evolution is governed by the aquifer’s inherent anisotropy and the barrier effect exerted by the depth of cut-off wall penetration. The parametric research also underscores the critical role of lateral boundary distance in influencing groundwater drawdown patterns. The presented solutions can be used to identify optimal penetration depth ratios tailored to specific parameters, thereby offering insights for optimizing dewatering strategies for deep excavation groundwater control. Moreover, a case study was included in this study using the proposed analytical solution, and a comparison was made with field data to validate the practical applicability of the approach.