Polyaniline (PANI) is a candidate for electrocatalysis, and can be combined with metal nanoparticles to fabricate high-performance electrodes for electrochemical energy conversion and storage. However, its intrinsic properties appear to be dependent on the synthesis conditions so that from the majority of the reports, it is quite difficult to establish an overall performance trend. In this contribution, we report an extensive and systematic physicochemical and electrochemical screening of the potentiality of chemically synthesized PANI as an electrode material to provide an overall understanding of the effect of the entire synthesis conditions. We have integrated different methods (TGA-DSC, XRD, SEM, EDX, FTIR, BET, CHNS, XPS, CV, and EIS) to deeply examine the as-synthesized materials and interrogate their electrocatalytic efficiency towards hydrogen evolution reaction, which was chosen as a model reaction of critical importance for H2 production from water splitting. It was found that all the synthesis parameters affect strongly the physical and electrochemical characteristics of the PANI-based materials. Specifically, XPS analysis contributed to identify the oxidation levels of the PANI samples on the basis of oxidizing agents. The outcomes provided by the study delineate a rational pathway for the further design and fabrication of PANI-based metal nanoparticles as advanced electrode materials.