Thermosetting resins based on Meldrum's acid (MA) derivatives as monomers show high thermal stability and inherent low‐dielectric constants. In this work, a multifunctional MA derivative (MA‐bisF) possessing two MA and two furan groups is newly prepared. Characterization of MA‐bisF has been carried out with Fourier transform infrared, 1H NMR, mass spectroscopy, and elemental analysis. Self‐crosslinking MA‐bisF results in the corresponding thermosetting resin mediating the addition reaction between ketene/ketene and ketene/furan groups. MA‐bisF is also utilized as a modifier for bismaleimide (BMI) resins through polymerizing MA‐bisF and BMI through Diels–Alder reaction. The corresponding crosslinked MA‐bisF/BMI resin possesses a high content of fused‐ring structure and a high crosslinking density, so as to exhibit high thermal stability (392 °C), high glass transition temperature (262 °C), high char yield (48 wt%), and a low‐dielectric constant of 2.78 at 1 MHz. A new type of reactive polymers and the corresponding high‐performance crosslinked resins has been demonstrated.