Considering the high toxicity of toluene diisocyanate (TDI) and the low reactivity of isophorone diisocyanate (IPDI), a low‐toxicity curing agent, dimer acid diisocyanate (DDI), was used to cross‐link HTPB elastomers and propellants. The unique long‐chain structure of DDI not only ensures the elastic modulus and tensile strength of the elastomer, but also improves the flexibility to some extent. The long flexible chains promote the segment movement, which is very important for the formation of hydrogen bonds between segments. The chemical cross‐linking network and hydrogen bonding association play a significant role in the mechanical properties of the HTPB/DDI system. The relationship between the mole ratio of ‐NCO to ‐OH (R‐value) and the mechanical properties of HTPB/DDI elastomers were also investigated. In the range of R‐value from 0.85 to 1.2, the elastic modulus and tensile strength first increase and then decrease, and the elongation at break first decreases and then increases. Under the same curing conditions, the elastic modulus and tensile strength of the HTPB/DDI propellant are similar to the HTPB/TDI propellant. For the HTPB/AP/Al propellants and HTPB/AP/RDX/Al propellants, the HTPB/DDI system has lower burning rates in the range of 5–19 MPa than the HTPB/TDI system and HTPB/IPDI system. The application of DDI can reduce the burning rates of the propellant without adding any burning rate modifiers. It is considered that DDI can replace TDI and IPDI as a new curing agent with low toxicity and moderate reactivity for HTPB systems.