Substituted oxabicyclo derivatives bearing two quaternary carbon centers and five contiguous stereocenters have been synthesized from C3‐thioester/‐ester substituted dienones, a simple and linear pluripotent molecular platform. The conversion proceeds from neat reactants, possibly via a thermally‐driven pericyclic cascade manifold involving sequential (E)‐s‐trans to (E)‐s‐cis isomerization, oxa‐6π‐electrocyclization, and intermolecular, regioselective [4π+2π] cycloaddition. The proposed mechanism has been substantiated by intermediate trapping experiments and DFT studies. Such dienones have also been exploited to effect stereoselective cross Diels‐Alder cycloadditions with olefins and sequential Diels‐Alder/retro‐Diels‐Alder reactions with activated alkynes. The reaction is greatly influenced by the substituent effect exerted by the C3‐thioester/‐ester group.