A Brønsted acid catalyzed, operationally simple, scalable route to several functionalized α‐(3‐indolyl) ketones has been developed and the long‐standing regioisomeric issue has been eliminated by choosing appropriate carbonyls. A readily available and cheap bottle reagent was used as the catalyst. This protocol was also applicable to the synthesis of densely functionalized α‐(3‐pyrrolyl) ketones. A detailed mechanistic study confirmed the involvement of enolether as a reaction intermediate. Several postsynthetic modifications along with easy access to β‐carboline, tryptamines, tryptophols, and spiro‐indolenine proclaim the synthetic utility of this powerful building block. On the basis of this concept, functionalized carbazoles were constructed by a cascade annulation strategy.