N‐Aziridinylimines are readily obtained from carbonyl compounds and 1‐aminoaziridines, of which the 2‐phenyl and trans‐2,3‐diphenylaziridine derivatives are the most popular. Diazo compounds are formed upon thermolysis or photolysis of N‐aziridinylimines, with elimination of alkenes. The diazo compounds can be trapped by intramolecular addition to alkenes, but otherwise decompose as they are formed, giving rise to carbenes and products derived therefrom. The transformation R2CO → R2CN2 → R2C is most often achieved with the anions (salts) of arenesulfonylhydrazones. However, the non‐ionic and weakly basic N‐aziridinylimines have the advantage that they are compatible with nonpolar solvents and with a wide range of substituents. These properties were exploited in the fragmentations of α,β‐epoxyketones (→ alkynones) and α,β‐epoxyaldehydes (→ β‐hydroxyvinylidenes → cyclopentenols) as well as in the syntheses of unsaturated nitriles, silanes, and ethers. Laser flash photolysis of N‐aziridinylimines in fluorinated alcohols was used to demonstrate the protonation of carbenes and to measure absolute reaction rates of carbocations. The Shapiro reaction of N‐aziridinylimines, performed with catalytic amounts of R2NLi, was found to produce alkenes with excellent regio‐ and stereoselectivity. As radical acceptors, N‐aziridinylimines are superior to alkenes. On this basis, selective (tandem) cyclizations were designed for the synthesis of natural products.