Aziridines are versatile and powerful building blocks in organic synthesis due to their high reactivity as well as stereo‐ and regioselectivity of their ring‐opening reactions with nucleophiles. Thus, aziridines possess potential as building blocks in the preparation of combinatorial libraries for biological high‐throughput screening. Although the development of strategies for parallel synthesis and solid‐phase chemistry utilizing aziridines is still in its infancy, the diverse applications described so far emphasize their utility. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2007)