The photocatalytic co-production of H2O2 and value-added organics in a suitable water/oil biphasic system offers an intriguing strategy to address the challenges encountered in a single liquid-phase solution, including the efficient separation of H2O2 and organic products as well as the mitigation of undesirable secondary reactions. For this, exploring amphiphilic photocatalysts with high performance is highly required. Herein, an amphiphilic CdS/Bi2WO6 S-scheme heterojunction photocatalyst is designedly synthesized through a two-step solvothermal process, aiming to achieve efficient interfacial photocatalytic reactions at the water/oil interface for simultaneous generation and selective separation of H2O2 and organic products. The CdS/Bi2WO6 heterojunction photocatalyst exhibits enhanced light absorption in UV–visible region, increased electron-hole separation efficiency, and powerful charge carriers with high redox abilities. Moreover, the formation of S-scheme heterojunction improves the catalyst stability by preventing CdS from photocorrosion. As a result, the production rate of H2O2 reaches up to 216.76 mmol g−1 h−1, accompanied by the generation of organic products (benzaldehyde: 104.91 mmol g−1 h−1, benzoic acid: 49.88 mmol g−1 h−1, and benzyl benzoate: 38.01 mmol g−1 h−1), in a water/benzyl-alcohol biphasic system under simulated sunlight irradiation. The photocatalytic mechanism is elucidated based on the results of comprehensive experiments and characterizations. This study highlights a rational construction of amphiphilic photocatalysts and their application in organic/water interfacial photocatalytic reactions.