AbstractSynthesis of a series of indolo[1,2‐a]quinoxaline derivatives substituted with phthalazinones/isoindolinones/carbonyl benzoylesters at C‐4 position have been accomplished under open air rt/heating conditions following ANRORC (Addition of Nucleophile, Ring Opening and Ring Closure) mechanism. Initially condensation of 2‐(1‐indolyl)‐aniline and ninhydrin generates a spirocyclic intermediate 5′H‐spiro[indene‐2,6′‐indolo[1,2‐a]quinoxaline]‐1,3‐dione, which upon reaction with various nucleophiles like hydrazine/phenylhydrazine, amines and alcohols affords C‐4 substituted indolo[1,2‐a]quinoxalines in high yield (up to ~88 %) via ANRORC. The photophysical investigation shows that the quinoxaline derivatives possess significant fluorescence property with high quantum yield (QY~11.0–17.0). The N‐phenylphthalazinone substituted indolo[1,2‐a]quinoxaline, a molecule structurally similar to 2,2′‐bipyridine system, can efficiently and selectively detect Fe2+ through fluorescence turn off sensing.