A series of rationally designed coumarin–pyrazole‐based scaffolds, equipped with N―H and C―H hydrogen bond donors (R1–R5) and containing various electron‐withdrawing groups at key positions, are synthesized and characterized in order to investigate their inorganic fluoride binding properties in highly competitive media (1:1 DMSO–water). Only one, 3‐{4‐[(2,4‐dinitrophenyl)‐hydrazonomethyl]‐1‐phenyl‐1H‐pyrazol‐3‐yl}‐chromen‐2‐one (R1), of the five compounds synthesized, is found to be capable to selectively detect inorganic fluoride via naked eye amongst other anionic species in aqueous media. Qualitative and spectroscopic studies exhibit that receptor R1 has the potential of showing instantaneous change of color from yellow to pink upon addition of sodium fluoride (0.95 ppm) in aqueous media, at concentration lower than that recommended by World Health Organization (1 ppm). Intensity of color increases with increasing fluoride concentration till 5 ppm, beyond which intensity of color change becomes saturated. This has established the applicability of this receptor for assessment of the level of fluoride in water. Anion binding studies carried out by UV–visible titration portrayed substantial bathochromic peak shift from 410 to 495 nm, upon addition of varying concentrations of aqueous sodium fluoride solution, which has validated the color change. Jobs plot data confirmed 1:1 stoichiometry between R1 and fluoride ion. 1H‐NMR investigation reveals that the deprotonation of N―H hydrogen donor group of receptor R1 and its interaction with fluoride ion is responsible for the observed color change.