Reaction of 4‐methylphenylacetylide with the known chlorido platinum(II) complex bearing the cyclometalated 1,3‐bis(pyridin‐2‐yl)‐4,6‐difluoro‐benzene ligand afforded a novel alkynyl platinum(II) complex, 1, that was fully characterized by elemental analysis, NMR and UV‐visible spectroscopies, and by photoluminescence measurements. Its structure was determined by X‐ray diffraction studies on a single crystal whereas its second‐order nonlinear optical (NLO) properties were determined in solution by the Electric‐Field Induced Second Harmonic generation method. The novel multifunctional complex 1 is characterized by good luminescence properties, like the related chlorido Pt(II) complex, but by a much higher second‐order NLO response.