The N‐heterocyclic carbenes of indazole, generated by deprotonation of indazolium salts, proved to be versatile starting materials for organic synthesis. They undergo ring‐opening reactions to generate ketenimines which readily add thiols thus affording what are, to the best of our knowledge, the first examples of 2‐anilinobenzothioimidates. Water converts the ring‐opened intermediates into functionalized 2‐anilinobenzamides which can be thionated with Lawesson's reagent and subsequently cyclized with formaldehyde and propionaldehyde, respectively, to give benzo[d][1,3]thiazines and quinazoline‐4‐thiones. The outcome of the cyclization depends upon the thiobenzamide substitution pattern.