New orange–yellow phosphorescent cyclometalated iridium(III) complex, (bt)2Ir(btz), where btH = 2‐phenylbenzothiazole and btzH = 2‐(2‐hydroxyphenyl)benzothiazole, was synthesized, and its structural, photophysical and electroluminescence properties were investigated to apply for organic light‐emitting diodes (OLEDs) applications. The coordination geometry around iridium metal ion was distorted octahedral, exhibiting cis‐C, C′ and trans‐N, N′ chelate dispositions with narrow ligand bite angles ranging from 79.7° (2) to 84.5° (1). The optical properties revealed that the π‐conjugated nature of bt ligand caused a bathochromic shift in emission and btz ligand played a role in fine color tuning. The synthesized (bt)2Ir(btz) was soluble in common organic solvents and the emitting layer was readily spin‐coated in chlorobenzene solution onto substrate. The OLED fabricated with the configuration of ITO/PEDOT:PSS/PVK:TCTA:OXD‐7: (bt)2Ir(btz) (32:32:28:8)/Bphen/LiF/Al exhibited a maximum external quantum efficiency (EQE) of 4.67% and a maximum luminance efficient (LE) of 8.61 cd/A with CIE (x, y) coordinates of (0.54,0.45).