This Focus Review summarizes transformations of 1-alkynylphosphines and their derivatives directed toward the synthesis of new phosphines. Owing to the importance of organophosphines as ligands for transition metal catalysts, development of efficient methods for the synthesis of new phosphines is quite important. 1-Alkynylphosphines and their derivatives have been emerging as useful precursors for the creation of new phosphines. Chemical modifications of the carbon-carbon triple bonds, including nucleophilic addition and cycloaddition, lead to a wide range of new useful phosphines that are otherwise difficult to synthesize.