In order to achieve a multifunctional compound with potential application in organic photonics and electronics, a multidonor benzothiadiazole derivative was rationally designed and synthesized employing microwave irradiation as energy source, increasing the process efficiency about yields and reaction times in comparison with conventional conditions. This powerful compound displayed solvatochromism and showed efficient behavior as red optical waveguide with low OLC around 10‐2 dB μm‐1 and with the capacity of light transmission in two directions. In addition, the proposed derivative acted as efficient p‐type semiconductor in organic field‐effect transistors (OFETs) with hole mobilities up 10‐1 cm2V‐1s‐1. This corroborates its multifunctional character, thus making it a potential candidate to be applied in hybrid organic field‐effect optical waveguides (OFEWs).