A simple and versatile method for the synthesis of pyrazol‐3‐yl‐1,3,4‐oxadiazole, pyrazol‐3‐yl‐1,2,4‐triazole, (1,5‐diphenylpyrazol‐3‐yl)‐(3,5‐dimethyl‐1‐carbonyl)pyrazole and (1,5‐diphenylpyrazol‐3‐yl)‐(5‐hydroxy‐3‐metheyl‐1‐carbonyl)pyrazole derivatives from 1,5‐diphenylpyrazole‐3‐carboxylic acid hydrazide has been developed.