3,4-bisnitrofurazanfuroxan (DNTF) is a novel high energy density compound. This paper reviews its physicochemical and thermolysis properties. The physicochemical properties show that synthetical properties of DNTF are superior to that of HMX; The thermolysis properties of DNTF indicate that DNTF good thermal stability, the some common lead salts and cuprum salts can catalyze the thermolysis of DNTF. And some applications of DNTF in the explosive composition, CMDB and related item are also reviewed, and the feasibility of DNTF application in CMDB propellant is analyzed emphatically from the aspect of energy, stability and safety.Some problems of DNTF-CMDB propellant are pointed out.