Based on the ‘three highs and one low’ geological conditions of high gas pressure, high gas content, high ground stress, and low permeability in deep coal seams, this study proposes a dual method of hydraulic fracturing of key layers of overlying rock layers combined with pre-extraction of gas via large-diameter caving boreholes. The aim is to unload and dissipate the coal seam by fracturing the overlying key strata, allowing the stress and energy from the excavation working face to be transmitted and transferred to the deep coal seam. Additionally, large-diameter drilling effectively increases the effective drainage radius of the coal seam, resulting in a shorter extraction time. To validate this approach, a fracturing model and a gas extraction model were established for the key layers of the overlying rock layer using the engineering background of the 15,111 excavation working face of a mine in Shanxi. FLAC3D software v.6.0 was utilized to simulate the stress and energy changes of the coal seam before and after fracturing of the key layers, while COMSOL software v.6.0 was used to analyze the gas migration conditions, permeability, and effective drainage radius changes before and after drilling and caving drilling. The findings, combined with the engineering test results, conclude that key strata fracturing combined with large-diameter caving can effectively increase the permeability of coal seams and improve gas extraction. This study serves as a theoretical basis for guiding the design of gas drainage technology under the effects of coal seam pressure relief and permeability enhancement.