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In this work, 2‐hydrazonyl‐propandihydrazide (2), a new precursor for energetic materials based on diethyl 2,2‐diazidomalonate (1) was investigated. Therefore, its versatility was shown by various secondary reactions, including formation of energetic salts (3–5), the synthesis of a nitrogen‐rich bistriazole (10) and a highly instable diazido derivative (6). In addition, a Curtius degradation could...