The photochemical carbene transfer reaction is a timely strategy in organic synthesis and generally proceeds via singlet carbene intermediates. In this combined experimental and computational studies, we show that the photolysis reaction of diaryl diazoalkanes gives access to both singlet and triplet diarylcarbene intermediates. The electronic properties of substituents of the aryl substituents show a strong influence on the electronic properties of the carbene intermediate and result in significantly reduced singlet triplet energy gaps. Depending on the spin state and electronic properties of the carbene intermediate, the reaction with alkynes provides access towards chemoselective cyclopropenation, cascade, or C-H functionalization reactions. Scheme 1. Carbene Transfer Reactions. Results and Discussion Experimental Studies: We initiated our studies on the reaction of aryl/aryl diazoalkanes with phenyl acetylene (6a) and evaluated the reaction of electron-poor aryl/aryl diazoalkanes (3a) first. [17] We assumed that the introduction of one electronwithdrawing group could be utilized to control the reactivity of the carbene intermediate and that this carbene more resembles a classic donor/acceptor carbene. Indeed, under blue light conditions the cyclopropene product 7a was obtained in excellent yield after only 20 minutes reaction time (Scheme 2a), which is in line with the reactivity of donor/acceptor carbenes. We next turned our attention towards electron-neutral aryl/aryl diazoalkane 3b in the reaction with phenyl acetylene (Scheme 2b). No cyclopropenation reaction occurred under identical conditions, instead a highly selective cascade reaction occurred and indene product 8a was obtained in excellent yield as the sole product. Finally, we probed the reactivity electron-rich aryl/aryl diazoalkanes (3c, Scheme 2c). Neither the cyclopropene nor the indene product was observed, instead a selective C-H functionalization of the terminal alkynyl C(sp)-H bond (9a) occurred with excellent yield, which represents an intriguing reactivity of free carbenes, which can otherwise only be accessed from strongly nucleophilic N-heterocyclic carbenes. [18] All above reactions were investigated under UV light conditions and in all cases the reaction pathway was not influenced, although a significantly reduced yield of the respective products was observed in all cases, which suggests that the light source only has a minor influence on the reaction pathways. When irradiated with green light, a considerable influence of the absorption properties of the diazoalkanes on the reaction yield was observed. Electron-poor aryl/aryl diazoalkanes, which absorb only poorly in the green light range, reacted only in low yield to the corresponding cyclopropene. In contrast, electronneutral and electron-rich aryl/aryl diazoalkanes absorb in the green light range (Scheme 1c) and significantly better yields were obtained, with the best yields for most red-shifted and Scheme 2. Carbene transfer reactions of electronically distinct aryl/aryl diazoalkan...