There is growing interest in using corrosion inhibitors and protective treatments to limit the degradation of mild steel, leading to the development of numerous Schiff bases as cutting-edge inhibitors. In this study, the effectiveness of a Schiff base, 3-((5-mercapto-1,3,4-thiadiazol-2-yl)imino)indolin-2-one (MTIO), to prevent mild steel corrosion in HCl was investigated using weight loss measurements, potentiodynamic polarization measurements, electrochemical impedance spectroscopy techniques, and surface characterization. The experimental results showed that 0.5 mM MTIO exhibited a satisfactory inhibitor efficiency of 96.9% at 303 K. The MTIO molecules physically and chemically adsorbed onto the mild steel surface following the Langmuir model, forming a compact protective film attributed to the presence of a thiazole ring in the MTIO structure. Theoretical calculations were combined with experimental techniques to investigate the anticorrosion performance and mechanism of inhibition.