The definition of fractional calculus is introduced into the 5D chaotic system, and the 5D fractional-order chaotic system is obtained. The new 5D fractional-order chaotic system has no equilibrium, multi-scroll hidden attractor and multi-stability. By analyzing the time-domain waveform, phase diagram, bifurcation diagram and complexity, it is found that the system has no equilibrium but is very sensitive to parameters and initial values. With the variation of different parameters, the system can produce attractors of different scroll types accompanied by bursting oscillation. Secondly, the multi-stability of the hidden attractor is studied. Different initial values lead to the coexistence of attractors of different scroll number, which shows the advantages of the system. The correctness and realizability of the fractional-order chaotic system are proved by analog circuit and physical implement. Finally, because of the high security of multi-scroll attractor and hidden attractor, finite-time synchronization based on the fractional-order chaotic system is studied, which has a good application prospect in the field of secure communication.