Photolysis of 2‐azido‐N,N‐diethylbenzylamine (1) in acetonitrile solution in the presence of various quenchers yields products of common nitrene chemistry (that is, derived from a didehydroazepine or a triplet nitrene), together with products arising from trapping of stereoisomeric iminoquinone methides. These intermediates are formed in a monophotonic process, by dediazotation of the precursor combined with a 1,4‐hydrogen shift. The reactivity of the iminoquinone methides (IQM) towards a variety of quenchers, including dienophiles and various nucleophiles, has been explored, using acetonitrile, DMF, and n‐hexane as solvents. IQM reacts efficiently with electron deficient dienophiles [kq(maleic anhydride) = 2.4·107 M−1 s−1], but not with simple olefins such as cyclohexene. IQM shows low to medium reactivity towards simple primary or secondary amines [kq(n‐propylamine) = 6.4·104 M−1 s−1], medium reactivity with sterically unhindered simple alcohols [kq(methanol) = 4.6·106 M−1 s−1], and high to very high reactivity towards thiols [kq(n‐dodecanethiol) = 1.1·109 M−1 s−1], diols, and triols [kq(glycerol) = 1.5·108 M−1 s−1], and sugars [kq(D‐glucose) = 1.0·109 M−1 s−1]. IQM also reacts rapidly with cytosine: kq(cytosine) = 3.4·108 M−1 s−1, while the reaction with adenine or thymine is less efficient [kq(adenine) = 6.4·107 M−1 s−1, kq(thymine) = 7.7·106 M−1 s−1].