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A novel framework for sharing common randomness and generating secret keys in wireless networks is considered. In particular, a network of users equipped with pulse oscillators (POs) and coupling mechanisms in between is considered. Such mechanisms exist in synchronized biological and natural systems, and have been exploited to provide synchronization in distributed networks. We show that naturally-existing initial random phase differences between the POs in the network can be utilized to provide almost identical common randomness to the users. This randomness is extracted from the synchronization time in the network. Bounds on the entropy of such randomness are derived for a two-user system and a conjecture is made for a general n-user system. Then, a three-terminal scenario is considered including two legitimate users and a passive eavesdropper, referred to as Eve. Since in a practical setting Eve receives pulses with propagation delays, she can not identify the exact synchronization time. A simplified model is then considered for Eve's receiver and then a bound on the rate of secret key generation is derived. Also, it is shown, under certain conditions, that the proposed protocol is resilient to an active jammer equipped with a similar pulse generation mechanism.