A series of 7‐substituted coumarin derivatives have been characterized as pan‐aldo‐keto reductase family 1C (AKR1C) inhibitors. The AKR1C family of enzymes are overexpressed in numerous cancers where they are involved in drug resistance development. 7‐hydroxy coumarin ethyl esters and their corresponding amides have high potency for AKR1C3 and AKR1C2 inhibition. Coumarin amide 3a possessed IC50 values of 50 nM and 90 nM for AKR1C3 and AKR1C2, respectively, and exhibits ‘drug‐like’ metabolic stability and half‐life in human and mouse liver microsomes and plasma. Compound 3a was employed as a chemical tool to determine pan‐AKR1C2/3 inhibition effects both as a radiation sensitizer and as a potentiator of chemotherapy cytotoxicity. In contrast to previously reported pan‐AKR1C inhibitors, 3a demonstrated no radiation sensitization effect in a radiation‐resistant prostate cancer cell line model. Pan‐AKR1C inhibition also did not potentiate the in vitro cytotoxicity of ABT‐737, daunorubicin or dexamethasone, in two patient‐derived T‐cell ALL and pre‐B‐cell ALL cell lines. In contrast, a highly selective AKR1C3 inhibitor, compound K90, enhanced the cytotoxicity of both ABT‐737 and daunorubicin in the T‐cell ALL cell line model. Thus, the inhibitory profile of the AKR1C family inhibitor required to effect enhancement of chemotherapeutic cytotoxicity may be chemotherapeutic agent‐specific in leukemia.