The invention relates to an NTO dissociation inhibitor and application thereof, belonging to the field of energetic materials. The invention aims to solve the problems of low yield and large pollution in the existing method. The present invention firstly prepares the NTO dissociation inhibitor by using citric acid, malic acid, glycolic acid, tartaric acid, succinic acid, ethanol and propionic acid as raw materials, then mixes the deionized water and the NTO dissociation inhibitor evenly, and then adds NTO. After heating up, the binder system is added dropwise, and the NTO-based mixed explosive molding powder is obtained after stirring, dissolving, cooling and filtering. The waste liquid can be added to the water suspension for recycling. The NTO-based mixed explosive molding powder prepared by the invention is dense and smooth, has a stable crystal form, and has little difference in mechanical sensitivity from the molding powder obtained by the prior method. Compared with the existing method, the invention can greatly increase the yield of NTO-based mixed explosive molding powder prepared by the water suspension method, and can reduce the content of NTO in the waste liquid and reduce the pollution to the environment. At the same time, the invention has simple process, mild experimental conditions, low production cost and easy realization of large-scale production.