Two new covalent organic frameworks (COFs) were synthesized from 4,4′,4′′,4′′′‐(pyrene‐1,3,6,8‐tetrayl)tetraaniline and 2,5‐dimethoxyterephthalaldehyde (Py‐DMTA‐COF) or 2′,5′‐dimethoxy‐[1,1′:4′,1′′‐terphenyl]‐4,4′′‐dicarbaldehyde (Py‐DMTPDA‐COF) under solvothermal conditions. These two COFs were further facilely developed as efficient photocatalytic platforms for the synthesis of thiophosphinates. Py‐DMTA‐COF exhibited better photocatalytic activity, broad substrate applicability, and excellent recycling capacity for the preparation of thiophosphinates from P(O)H compounds and thiols compared to Py‐DMTPDA‐COF. This methodology was further extended to the seamless gram‐scale production of target phosphorothioate derivatives. The results demonstrate that COFs can provide a robust platform for developing metal‐free, base‐free, highly efficient, and reusable heterogeneous photocatalysts for organic transformations.