The host‐guest chemistry and applications of cyclodextrins in aqueous media is well established. However, a comprehensive study in organic solvents is lacking. Here, we report the design and synthesis of 6‐O‐tert‐butyldimethylsilylated β‐cyclodextrin (TBDMS‐β‐CD) bearing various aromatic substitutions at the 2‐O position and their inclusion complex formation with aromatic guests in nonpolar organic solvents. Compared to the parent TBDMS‐β‐CD, these derivatives exhibit at least a 10‐fold increase in inclusion ability toward pyrene through cooperative guest binding with the CD cavity and the aromatic substituents at the 2‐O position. The type of the aromatic substituent largely affects the chiral recognition ability of TBDMS‐β‐CD toward 1‐(1‐naphthyl)ethylamine in cyclohexane. A TBDMS‐β‐CD derivative with a p‐tolyl substituent has a remarkable chiral selectivity for the (S)‐1‐(1‐naphthyl)ethylamine over the corresponding (R)‐isomer (KS/KR=4.1±0.5), whereas a TBDMS‐β‐CD derivative with a 2‐picolyl substituent shows the inverse chiral selectivity (KR/KS=8.7±0.6).