III–V compound semiconductors, such as indium arsenide (InAs), are crucial in the fields of electronics and optoelectronics due to their unique properties, including a narrow bandgap, high electron mobility, low effective electron mass, and outstanding optoelectronic performance. However, the lattice constant mismatch of 7.2% between InAs and gallium arsenide (GaAs) leads to a high dislocation density in the InAs epilayer, typically around 109 cm−2 or higher when InAs is directly grown on GaAs (001). A common traditional approach to reduce material defect density involves using a compositionally graded buffer structure, which requires a thickness of several micrometers. This paper presents an innovative method for growing device-quality InAs epilayers on GaAs (001) substrates through an InAs coalesced quantum dot buffer (CQDB) layer. Remarkably, the InAs CQDB method requires a thickness of only several tens of nanometers, leading to significant improvements in film quality. Utilizing the InAs CQDB layer allows for a substantial reduction in dislocation density from 1.8 × 109 to 3.6 × 107 cm−2. The findings of this study provide a crucial research foundation for addressing lattice mismatch challenges in epitaxial growth, particularly for those investigating methods to integrate different materials in advanced device applications.