Introduction of cyano group into the molecules of borane‐based hypergolic fuels can greatly reinforce the hydrolytic stability. By the formation of complex between BH2CN and imidazole, six complexes were readily prepared from N‐alkyl substituted imidazole hydrochloride salts and NaBH3CN in THF and fully characterized by 1H and 13C NMR, IR spectroscopy, high‐resolution mass spectrum, and differential scanning calorimetry (DSC). Among them, 1‐allylimidazole‐cyanoborane complex (5) displayed some attractive properties such as water immiscibility and good hydrolytic stability, high density (>1.0 g cm−3), good thermal stability (Td, 193 °C, onset), high calculated density impulse (ρIsp, 358 s g cm−3), ultra‐short ignition delay time (WFNA, 3 ms), and super low viscosity (8.4 mPa s), showing the real application potential as a fuel and an efficient fuel additive in bipropellants.