An electronic device is provided. The electronic device includes a display and a processor, wherein the processor may be configured to confirm an air pointer initiation event of a stylus pen, display, on the display, an air pointer of the stylus pen on the basis of display rotation information and information of at least one application running on the electronic device, confirm, once a selection event is received from the stylus pen, first location information among a plurality of location information about the air pointer, calculated according to the motion of the selection event, confirm, on the basis of the information of the at least one application running on the electronic device, a function object set in an area of the display that comprises the first location information, and perform a function of the function object, corresponding to the selection event.