β‐lactones contain a strained four membered heterocyclic ring. Consequently, they differ from the gamma and delta‐lactones both in the general methods available for their preparation and their chemical reactivity. Because of their high order of reactivity, only those β‐lactones with favorable physical properties can be isolated readily in pure form. The highly reactive β‐lactones are customarily prepared in order to transform them into other products. This chapter will consider, first the preparation of β‐lactones, and second, their reactions of synthesis value.