A palladium‐catalyzed decarboxylative propargylation (DcPg) of propargyl 2,2‐diphenylglycinate imines was developed. In this process, the nature of the propargyl ester and aryl imine components, as well as the catalyst system and solvent, had a significant impact on the ratio of desired propargylated products vs. allene and/or diene side products that arise via different modes of C–C bond formation. The resulting propargylated products can be transformed readily into useful (Z)‐homoallylic amines. Moreover, the regioisomeric diene products could be converted to pharmaceutically‐relevant diarylmethyl imines via a two‐step Diels‐Alder/oxidation process.