In this study, the photo-optical properties of the series of new 1H-pyrazolo[3,4-b]quinoline derivatives were investigated. Pyrazoloquinoline studies were conducted to explain the electroluminescent effect in organic LEDs. Absorption and photoluminescence spectra for the materials under consideration were examined, and quantum chemical calculations were made. Differential scanning calorimetric and thermogravimetric measurements were carried out for the manufactured materials. The phase situation of the materials was determined, and glassy transitions were detected for three of the investigated materials. Degradation temperatures were obtained. Single-layer luminescent diodes based on the ITO/PEDOT:PSS/active layer/Al scheme were fabricated. Current–voltage and brightness–voltage characteristics of the diodes were determined, ignition voltage was calculated, and electroluminescence types were determined.