An efficient one‐pot two‐step procedure for the synthesis of unsymmetrical (hetero)aryl 1,2‐diketones has been developed. The reaction proceeds through a palladium‐catalyzed nucleophilic addition of potassium aryltrifluoroborates to aliphatic nitriles followed by a copper‐catalyzed aerobic benzylic C–H oxygenation using molecular oxygen as a green oxidant. This represents the first example of the direct synthesis of unsymmetrical diaryl 1,2‐diketones from arylacetonitriles. This method utilizes inexpensive, stable, nontoxic, and readily available starting materials, is highly effective in the presence of both electron‐rich and electron‐poor nitriles and aryltrifluoroborates, and tolerates a wide variety of functional groups. The synthetic utility of this transformation was shown by increasing the scale of the reaction and by carrying out the one‐pot protocol for the preparation of quinoxaline and benzimidazole derivatives. A plausible reaction mechanism has also been proposed.