Electron‐deficient heterocycle 1,3,4‐oxadiazole is first introduced to the 2‐position of thieno3,4‐b]thiophene (TT) to construct a new building block 2‐(thieno3,4‐b]thiophen‐2‐yl)‐5‐(alkylthio)‐1,3,4‐oxadiazole (TTSO) with alkylthio chain. The polymer PBDT–TTSO based on TTSO and benzodithiophene (BDT) exhibits a deep lying highest occupied molecular orbital (HOMO) energy level of −5.32 eV and low‐bandgap of 1.62 eV. The power conversion efficiency (PCE) of 5.86% is obtained with a relatively high VOC of 0.74 V, a JSC of 13.1 mA cm−2, and FF of 60.5%. Furthermore, as S atom in thioether can be oxidized easily, the optoelectronic properties of PBDT–TTSO treated with different oxidants are preliminary investigated. Interestingly, the oxidation products still maintain high PCE with reduction less than 30%. This work demonstrates a new method to regulate HOMO energy levels by introducing electron‐deficient aromatic heterocyclic moiety.
