The borane FmesBH 2 reacts in at hree-component reaction with an isonitrile and asmall series of organonitriles to give rare examples of the class of dihydro-1,4,2-diazaborole derivatives.I narelated way,a nnulated BN-indolizine derivatives became conveniently available,a sw ere dihydro-1,4,2oxaza-or thiazaborole derivatives.T he nucleophilic framework of ad ihydro-1,4,2-diazaborole example allowed for an uncatalyzed acylation reaction. It also served as a1 ,3-dipolar reagent and underwent a[ 3 + +2] cycloaddition/[4+ +2] cycloreversion sequence when treated with methyl propiolate to give the respective pyrrole product. The [3+ +2] cycloaddition product of ad ihydro-1,4,2-diazaborole derivative with Nphenylmaleimide was isolated and its heterobicyclo-[2.2.1]heptane derived structure characterized by X-ray diffraction.