To expand the market capacity of p‐diethylbenzene (PDEB), core‐shell zeolite (TS‐1@MCM‐48) is designed as a catalyst for PDEB oxidation. TS‐1@MCM‐48 catalyst is synthesized by in‐situ crystallization method and characterized by X‐ray diffraction (XRD), transmission electron microscope (TEM), scanning electron microscope (SEM), X‐ray photoelectron spectroscopy (XPS), N2 adsorption‐desorption, in‐situ electron paramagnetic resonance (EPR) and 29Si nuclear magnetic resonance (29Si MAS‐NMR). Oxidation of PDEB by H2O2 was investigated systematically in liquid phase. The conversion of PDEB over TS‐1@MCM‐48 was 28.1% and the total selectivity was 72.6%, where the selectivity of EAP (p‐ethylacetophenone) and EPEA (4‐ethyl‐α‐methylbenzyl alcohol) was 28.6% and 44.0%, respectively. Compared with TS‐1 and MCM‐48 zeolite, the conversion rate of reactants and the selectivity of products have been significantly improved. The catalytic performance of TS‐1@MCM‐48 is derived from its well‐crystallized microporous core and mesoporous shell with regular channels, which make active sites of TS‐1 zeolite in the catalyst be fully utilized and mass transfer resistance be largely reduced. Further through theoretical calculation, we propose that the oxidation of PDEB is the result of the combination and mutual transformation of free radical process and carbocation process. Core‐shell structure ensures the conversion rate of raw materials and improves the selectivity of products.