Reactions of 5‐SIDipp·BH3 (5‐SIDipp = 1,3‐bis(2,6‐diisopropylphenyl)‐imidazolin‐2‐ylidene) (1) with diphenyldiselenide provide access to 5‐SIDipp−boryl mono‐ (5‐SIDipp·BH2SePh) (2) and bis‐selenide (5‐SIDipp·BH(SePh)2) (3). The facile cleavage of the B−Se bond makes 2 a neutral source of selenium nucleophiles in substitutions reactions with benzyl bromides, and provide access to the corresponding selenoethers. The direct transformations of one of the C(sp2)‐F bonds of C6F5N and C6F5CF3 to C‐Se bonds have also been achieved by the use of 2 without employing transition‐metal catalysts. While it was previously established that C6F6 could undergo complete defluoroselenation under harsh conditions, we successfully achieved partial fluorination of C6F6 by employing 2 as a mild selenide transfer reagent. During the formation of C‒Se bonds through the cleavage of C‒F bonds, the potential by‐product NHC·BH2F undergoes ring expansion of the NHC, leading to the formation of the six‐membered diaazafluoroborinane (7).