In this paper, porous NiTi intermetallic was synthesized via a modified thermal explosion (TE) method, utilizing Ni (74 μm, 38 μm, 5 μm, 100–200 nm) and Al element powders as raw material. The exothermic behavior and phase transition of porous NiTi intermetallic compounds were studied. The results showed that with the refinement of Ni particle size, the heat release decreased, and the Ti-74 μm sample was the product of two eutectic reactions. Their mechanical properties were verified by the Vickers hardness tester and universal testing machine, and the corrosion behavior of porous NiTi intermetallic compounds in phosphate-buffered saline (PBS) solution was studied by electrochemical tests. Among them, Ti-5 μm exhibits the most homogeneous microstructure and favorable mechanical properties, which has a porosity of 31.7 % and a compressive strength of 321.71 MPa. However, corrosion resistance is sacrificed due to the high open porosity. This study holds great promise for precise control microstructural characteristics and optimization of mechanical and electrochemical properties of porous NiTi intermetallics.