Herein, we present methods for the generation of selenocysteinyl electrophile by weak Lewis acids or oxidants. The electrophilic selenium species were further utilized in 5‐endo‐dig cyclization reactions with 2‐ethynyl phenols, anisoles, and anilines, yielding substituted benzo[b]furans and indoles bearing short selenocysteine‐containing peptides. Copper(II) bromide promoted 5‐endo‐dig cyclization can be successfully applied for protected and unprotected peptides in high yields. Elaborated protocol allows the construction of phenylindeno[1,2‐c]chromene moiety in 5‐endo‐dig/6‐endo‐dig cascade reactions.