The synthetic applications of aroyl‐ and nitro‐substituted D‐A cyclopropanes probed in the authors’ laboratory are reviewed. These cyclopropanes, though looking similar, exhibit markedly different reactivity patterns. Lewis acid‐mediated transformations of these cyclopropanes (in the presence or absence of a reaction partner) afford a variety of carbocycles and heterocycles. Mechanistic aspects of the reactions are discussed for clear understanding of the transformations.