This microreview highlights recent advances in the synthetic applications of dithioacetal functionality. Propargylic dithioacetals and related compounds have been shown to be useful, with the aid of thiophilic organolithium or organocopper reagents, for the synthesis of polysubstituted allenes, trisubstituted furans, and pyrroles. An extension of this annulation reaction to the bidirectional iterative synthesis of furan‐containing oligoaryls and to cyclophane synthesis is described. Alternatively, the convergent synthesis of such oligoaryls from propargylic dithioacetals is briefly discussed. Not only can the carbon–sulfur bonds in dithioacetals be readily displaced by carbon–carbon and/or carbon–heteroatom bonds, but in addition a range of reactions involving polarity inversion in neighboring carbon atoms can also take place. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2005)