In the present study, an enhanced compressible two-phase flow model is advanced, considering the effect of chemical reactions within a detailed mechanism. In this model, two immiscible fluids (liquid and gaseous mixture) are accurately separated with the resolved interface. Unlike the classical five-equation two-phase flow model, the thermal properties of gases are no longer assumed to be constant but rather vary as functions of temperature. A modified mechanical relaxation procedure is proposed and employed at the gas-liquid interface to prevent the occurrence of nonphysical pressure oscillation. In the gaseous mixture, numerous gas components are included and resolved by their mass fraction among the gaseous mixture. In this model, the heat release effect is simulated by a detailed chemistry. Furthermore, the numerical results of several benchmark problems in one dimension and two dimensions demonstrate the efficacy of the proposed compressible multiphase flow model, such as the air shock tube, the gaseous detonation tube, the shock-droplet interaction, and especially the detonation-droplet interaction that has received little focused interest and investigations. Moreover, a self-developed adaptive mesh refinement strategy is performed for a high efficiency of numerical solving.