A nanocomposite microsphere consisting of solid paraffin, nano-TiO2, nano-BN, zeolitic imidazolate framework- 67 particles and polymethyl methacrylate was prepared and applied as a functional additive for high energy propellants (with about 23 wt% RDX) to reduce the barrel erosion and improve its combustion performance as well. High energy propellants modified with the nanocomposite were manufactured by a solvent extrusion technique. According to the scanning electron microscope and differential scanning calorimetry results, there exists a good compatibility between the nanocomposite and propellant matrix. The energy and combustion performance as well as erosion of the modified propellants were studied by a closed bomb test and an erosion tube device, respectively. Results showed that compared with the unmodified propellant, both the erosion and energy performance of modified high energy propellant gradually decreased with the increase of nanocomposites contents. When the content of nanocomposites was 5.1%, the erosion mass of the modified propellant reduced to 37.0% while the propellant force only decreased 5.7%, indicating that the nanocomposite has enormous ability to improve gun erosion resistance while barely affect energy performance of propellant. Furthermore, the closed bomb burning curves of the samples showed that addition of nanocomposites to propellant matrix could prolong the combustion time, efficiently inhibit the initial generation rate of combustion gas, and further achieve the progressive burning of the propellants.