Five compounds, [Zn(bpe)1/2(BPTA)H2O]·H2O (1); [Zn(bpe)(BPTA)] (2); [Cd(bpe)(BPTA)H2O] (3); [Cd(BPTA)(bpmh)]·2H2O (4); and Cu(BPTA)(bpmh)1.5(H2O)]·H2O (5) were prepared employing 2,5‐bis(prop‐2‐yn‐1‐yloxy)terephthalic acid (2, 5 BPTA) as the primary ligand and 1,2‐di(pyridin‐4‐yl)ethane (4, 4ʹ bpe) (1‐3) and 1,2‐bis(pyridin‐3‐ylmethylene)hydrazine (bpmh) (4‐5) as the secondary ligands. Single crystal studies indicated that the compounds 1, 3 and 5 have two‐dimensional layer structures and compounds 2 and 4 three‐dimensional structures. The luminescence behaviour of the compounds 2 and 3 were explored for the sensing of metronidazole both in aqueouos solution as well as simple paper strips. The Cu compound 5 loses the coordinated water molecule at 100 °C without any structural change, which was examined towards the Lewis acidic character by carrying out the Ullmann type C‐C homocoupling reaction of the aromatic halide compounds. The compounds, 4 and 5, also have the Lewis basic functionality arising out the =N‐N=, aza groups. The bifunctional nature of the MOF was explored towards the Chan‐Lam coupling reaction between phenyl boronic acid and aniline derivatives in the ethanol medium. In both the catalytic reactions, good yields and recyclability were observed. The present studies illustrated the rich diversity that the transition metal containing compounds exhibit in extended framework structures.