Novel hydrogen sulfide donor-based fibrate derivatives were synthesized and assessed for hypolipidemic and hepatoprotective effects in Triton WR-1339-induced hyperlipidemic mice. After preliminary screening of the target compounds, T5 exhibited significant hypolipidemic effects, reducing triglycerides (TG) and total cholesterol (TC). The action of T5 in reducing TG and TC levels is dose-dependent. Through molecular docking and protein expression analysis, it was found that T5 may exert hypolipidemic effects by activating the PPAR-α receptor. Examination of liver tissue from hyperlipidemic mice supplemented with T5 demonstrated a marked decrease in hepatic lipid buildup. Furthermore, there was a significant amelioration in the levels of hepatic transaminases (AST and ALT) that were elevated as a result of hyperlipidemia. As designed, T5 exhibited H2S-releasing effects in a hyperlipidemia model. Additionally, T5 has the capability to ameliorate the lipid peroxidation process triggered by hyperlipidemia, leading to a reduction in malondialdehyde (MDA) levels. These findings further support the potential of T5 as a hypolipidemic agent with hepatoprotective properties.