the strategy involving the use of functionalized tetrahydro‐6H‐cycloocta[b]indol‐6‐one is reported as a key intermediate for synthesis of members of the sarpagine‐ajmaline‐macroline family of monoterpene indole alkaloids. The desired tricycle was synthesized through the following key steps: 1) Evans’ syn‐selective aldolization; 2) Liebeskind–Srogl cross‐coupling using the phenylthiol ester of 3‐chloropropanoic acid as a surrogate of acrylic thioester for the synthesis of 2,3‐disubstituted indoles; and 3) ring‐closing metathesis (RCM) for the formation of the eight‐membered ring. An N‐allylation followed by intramolecular 1,4‐addition was planned for synthesis of the vobasine class of natural products. However, attempted cyclizations under a diverse set of conditions involving anionic, radical, and organopalladium/organonickel species failed to produce the bridged ring system. On the other hand, esterification of the pendant primary alcohol function with acetoacetic acid, followed by intramolecular Michael addition, afforded the desired tetracycle with excellent diastereoselectivity. Subsequent functional group manipulation and transannular cyclization of the amino alcohol afforded the N(1)‐demethyl‐3,5‐diepi‐alstolactone. We believe that the same synthetic route would afford the alstolactone should the amino alcohol with appropriate stereochemistry be used as the starting material.