To integrate the active advantages of 18β‐glycyrrhetinic acid (18β‐GA) and emodin, improve bioavailability, increase efficiency, and reduce toxicity, a one‐step innovative synthetic route was set up for the first time: 4‐dimethylaminopyridine (DMAP) was used as catalyst, 1‐ethyl‐(3‐dimethylaminopropyl)carboimide hydrochloride (EDCI) as condensation agent, dry dichloromethane (DCM) as solvent at 25 °C for 12 h, the three target products were obtained and purified by high performance liquid chromatography (HPLC), the chemical structures of them were characterized by nuclear magnetic resonance (NMR) technique and high resolution electron ionization mass spectrometry (HREI‐MS), namely, 18β‐glycyrrhetinic acid‐3‐emodin ester (1, yield 78.83 %, known), di‐18β‐glycyrrhetinic acid‐1‐emodin ester (2, yield 6.49 %, new), and di‐18β‐glycyrrhetinic acid‐8‐emodin ester (3, yield 1.81 %, new). To estimate their effects of the products on toxicity in zebrafish embryos and juvenile fishes, the two precursors and three target products were assayed involving in hatching rate, survival rate, morphology, heart rate, and apoptosis of cardiomyocytes. The results showed that the target products enhanced the hatching and survival rate of zebrafish embryos, decreased the malformation rate and the apoptosis of cardiomyocytes. It should be suggested that the one‐step synthesis route with high yield makes the industrial application of the target products possible due to significantly reduced toxicity. The two new by‐products provide potential candidates for the applications of pharmaceutical industry in the future.