2,4-Dioxobutylidene)phosphoranes and (2-alkoxy-4-oxobut-2-enylidene)phosphoranes are readily available and represent versatile building blocks in one-pot cyclizations. Their reactions with various electrophiles, such as 1,3-dicarbonyl compounds, enones, a-halo ketones, or hydrazine derivatives, allow a convenient synthesis of a variety of carbocyclic and heterocyclic ring systems.