Studying the heterogeneity of coal reservoirs is significant to coal bed methane (CBM) exploitation. To investigate the development of the pore–fracture and acoustic emission response characteristics of the coal rock in the Yunnan Laochang block, four cores were extracted from the same coal rock in different directions. Through a comprehensive analysis using CT scanning and three-axis compression tests combined with synchronous acoustic emission experiments, a three-dimensional visualization of the pore–fracture structure and an analysis of the acoustic emission process during the elastic phase were conducted. Additionally, the impact of the heterogeneous development of pore–fractures on the acoustic emission characteristics was discussed. The results show that: there is strong heterogeneity in pore and fracture development within the coal rock, with the most significant development occurring along the direction of vertical stratification; the acoustic emission process in the elastic phase can be divided into three stages: strong–weak–strong; the development of pores and fractures affects the acoustic emission characteristics, with both counts and signal strength increasing as the percentage of voids rises; and the inferred in situ stress aligns with strike-slip faulting stress using acoustic emission. These results can provide a reference for the actual project.