A modular solid‐phase multicomponent reaction for the synthesis of 3‐substituted isoindolinone derivatives has been carried out. A mixture of a chiral β‐keto lactam, an aldehyde, an isocyanide and a dienophile react to produce chiral 3‐substituted isoindolinones in one pot. Modularity was accomplished by using solid supported aldehydes and dienophiles. Optimization was achieved by using microwave as the source of energy. The reaction was also performed on a biologically relevant well‐known programed cell death‐inducing peptide D(KLAKLAK)2 on solid phase. The molecules show significant fluorescence with large Stokes shifts and fast cell penetration. The chimeric peptides can be tracked under a microscope thus proving the potential of the probes as cell sensors. They were efficiently internalized compared to unlabeled peptide, with a concomitant induction of programed cell death, thereby proving their potential as drug carriers.