In this paper, to make the missile intercept the maneuvering target, the parallel approaching guidance law is developed. In order to estimate the target maneuver more accurately and reduce that’s influence on guidance accuracy, the distance-scalar disturbance observer is employed. Specifically, the estimation accuracy of the observer designed is regardless of the relative distance. The finite-time prescribed performance is employed to ensure that the line-of-sight angular rate is capable of converging to a predesigned small region in the specified finite time. All signals of interception system can guarantee ultimately uniformly boundedness proved by the Lyapunov stability theory. Finally, the availability of the parallel approaching guidance law is demonstrated by the numerical simulation.