In this study, electrochemical investigations of corrosion protection and the electrochromic properties of an aniline-pentamer-based electroactive polyimide (AP-based EPI) coating prepared by oxidative coupling polymerization are presented. The in situ chemical oxidation of the reduced form of soluble, electroactive poly(amic acid) (EPAA) in N-methyl-2-pyrrolidone (NMP) was monitored by UV–Vis absorption spectra. Moreover, the electroactivity of the AP-based EPI was evaluated by performing electrochemical CV studies. Based on a series of electrochemical measurements in 3.5wt% NaCl electrolyte, the AP-based EPI coating was found to exhibit enhanced corrosion protection effects on cold-rolled steel (CRS) electrodes as compared to the corresponding non-electroactive (NEPI) coating. A possible mechanism for the enhanced corrosion protection of EPI coatings on the CRS electrode has been proposed as follows: (1) EPI coatings may act as a physical barrier and (2) the redox catalytic properties of the aniline pentamer units in EPI may induce the formation of a passive metal oxide layer on the CRS electrode, as evidenced by SEM and ESCA studies. The electrochromic performance of EPI was investigated by measuring electrochromic photographs and UV absorption spectra.