This research delineates the corrosion inhibitory efficiency of two newly synthesized benzoxazepine derivatives – [3,3‐dimethyl‐11‐phenyl‐3,4,5,11‐tetrahydrodibenzo[b,e] [1,4]oxazepine‐1(2 H)‐one (S1)] and [11‐(4‐chlorophenyl)‐3,3‐dimethyl‐3,4,5,11‐tetrahydrodibenzo[b,e][1,4]oxazepine‐1(2 H)‐one (S2)] – on mild steel in 1M HCl milieu. These derivatives were characterized by proton (1H NMR) and carbon (13C NMR) nuclear magnetic resonance spectroscopy. The experimental approach encompassed potentiodynamic polarization (PDP) and electrochemical impedance spectroscopy (EIS) techniques. The corrosion inhibition efficacy of S1 and S2 was concentration‐dependent, with their efficiencies peaking at 92.0 % and 92.1 %, respectively, at a 10−3 M concentration. Surface characterization, conducted using scanning electron microscopy (SEM), energy‐dispersive X‐ray analysis (EDS), X‐ray diffraction (XRD), contact angle measurements, and X‐ray photoelectron spectroscopy (XPS), corroborated the formation of a protective barrier layer on the mild steel surface. Additionally, using an inductive approach, UV‐visible spectrometry was employed to elucidate the adsorption behaviors of these inhibitors on the steel surface. Density functional theory (DFT) and molecular dynamics (MD) simulations were utilized to decipher the interaction mechanisms and adsorption modalities, unveiling critical insights into the interactions of S1 and S2 with the mild steel surface. This comprehensive analysis highlights the robust corrosion inhibition potential of the newly synthesized benzoxazepine derivatives and illuminates their prospective utility as effective inhibitors for mild steel in corrosive environments.