ConspectusMetallacycles, derivatives of carbocyclic compounds wherein a metal atom replaces at least one carbon center, have been a constant powerhouse in organic synthesis. While metallacycles of main-group, transition, and actinide metals have been extensively studied, those incorporating rare-earth (RE) elements (Sc, Y, and lanthanides) have remained elusive primarily due to synthetic challenges. Nevertheless, the electropositive character of these elements and the resulting polarization of RE-C bonds, along with the intrinsic synergistic effects within metallacycles, endow RE metallacycles with unique properties and a rich, yet largely untapped, reaction chemistry. In this Account, we present the development and applications of five-membered RE metallacycles.Over the past decade, we have successfully synthesized a variety of five-membered all-carbon rare-earth metallacycles using two key synthetic strategies: (i) transmetalation, which has been employed to prepare RE metallacyclopentadienes and