Reliable radical precursors are crucial for photocatalytic processes. In particular, heteroatom‐stabilized radicals have attracted considerable research interest in photocatalysis. Among them, α‐amino radicals have received the most attention, while the research on α‐hydroxy radicals is much less developed. Herein, we present O‐PMP α‐hydroxycarboxylic acids as novel precursors for the formation of oxygen‐stabilized radicals. These radicals have been successfully used as building blocks in Pd‐catalyzed allylation reactions, Ni‐catalyzed arylation and alkenylation reactions, and Giese reactions. A subsequent deprotection step liberates the corresponding hydroxyalkylation products.