Indeno[2,1‐b]indole and shikimic acid‐like structures are natural privileged scaffolds in several bioactive NPs. In this work, we developed a high‐efficient and diastereoselective synthetic approach to the construction of novel indeno[2,1‐b]indole/shikimic acid hybrid analogues via photo‐Nazarov reaction. The protocol is the first case of excited‐state photo‐Nazarov cyclization of indole‐2‐yl vinyl ketone to indeno[2,1‐b]indole. And the yield of (6aS, 10aR)‐product was up to 91% after the condition optimization. Even more attractive, several synthesized analogues exhibit potent RANKL‐induced osteoclastogenesis inhibitory activities, which suggests promising prospect of the novel indeno[2,1‐b]indole/shikimic acid hybrid scaffold for anti‐osteoporosis drug development.