The ability of complex [Mo 2 Cp 2 {μ-P(2,4,6-C 6 H 2 t Bu 3 )}(CO) 4 ] to promote P−C and subsequent coupling processes has been analyzed by examining reactions with alkynes. The title compound reacted at room temperature with different terminal alkynes HCCR under visible-UV light irradiation to give, in a selective way, the corresponding phosphapropenediyl derivatives [Mo 2 Cp 2 (μ−κ 1 C :η 3 C,C,P -CRCHPR*)(CO) 4 ] for R groups of varied electron-withdrawing nature, but low to medium size, such as Pr, CO 2 Me, and p-tol. These products follow from formal insertion of the alkyne into one of the Mo-phosphinidene bonds in the parent compound, with selective P−C coupling to the terminal carbon of the alkyne. In contrast, when R was the bulky t Bu group, the corresponding photochemical reactions yielded a mixture of the cis and trans isomers of the phosphanyl-and formylalkenyl-bridged complex [Mo 2 Cp 2 {μ−κ 2 C,O :η 2 C,C -CHC( t Bu)C(O)H}{μ-P(CH 2 CMe 2 )-C 6 H 2 t Bu 2 }(CO) 2 ], which follow from a complex reaction sequence involving an H−C(sp 3 ) bond cleavage along with different P−C, P−H, C−C, and C−H bond formation steps. Density functional theory calculations were carried out to rationalize the preceding observations and suggested that an isomer of the parent complex displaying a bent terminal phosphinidene ligand might be involved in all the above photochemical reactions.