Compounds that contain phosphate and diphosphate moieties are not ideal biologic probes. Not only does their ionic character inhibit cell membrane permeability, but also, once inside a cell, the ester and the anhydride functionalities are likely targets for enzymatic cleavage. Thus, replacements for the phosphate motif are important as enzyme inhibitors, DNA or RNA analogs, phospholipid mimics, and phosphorylated metabolite analogs. To date, several classes of phosphate mimics have been developed that have been grouped into four categories: phosphorus‐containing, sulfur‐containing, dicarboxylates, and the novel cyclic mimics, which will be the focus of this review.