Bilayer graphene, which is highly promising for electronic and optoelectronic applications because of its strong coupling of the Dirac–Fermions, has been studied extensively for the emergent correlated phenomena with magic-angle manipulation. Due to the low energy linear type band gap dispersion relationship, graphene has drawn an amount of optoelectronic devices applications in the terahertz region. However, the strong interlayer interactions modulated electron-electron and electron-phonon coupling, and their dynamics in bilayer graphene have been rarely studied by terahertz spectroscopy. In this study, the interlayer interaction influence on the electron-electron and the electron-phonon coupling has been assigned with the interaction between the two graphene layers. In the ultrafast cooling process in bilayer graphene, the interlayer interaction could boost the electron-phonon coupling process and oppositely reduce the electron-electron coupling process, which led to the less efficient thermalization process. Furthermore, the electron-electron coupling process is shown to be related with the electron momentum scattering time, which increased vividly in bilayer graphene. Our work could provide new insights into the ultrafast dynamics in bilayer graphene, which is of crucial importance for designing multi-layer graphene-based optoelectronic devices.