U(IV) cyclometalated complexes have shown rich reactivity, but their low oxidation state analogues still remain rare. Herein, we report the isolation of [K(2.2.2-cryptand)][UIII{N(SiMe3)2}2(κ2-C,N-CH2SiMe2NSiMe3)], 1, from the reduction of [UIII{N(SiMe)2}3] with KC8 and 2.2.2-cryptand at room temperature. Cyclic voltammetry studies demonstrate that 1 has a reduction potential similar to that of the previously reported [K(2.2.2-cryptand)][UII{N(SiMe)2}3] (Epc = -2.6 V versus Fc+/0 and Epc = -2.8 V versus Fc+/0, respectively). Complex 1, indeed, shows similar reducing abilities upon reactions with 4,4'-bipyridine, 2,2'-bipyridine, and 1-azidoadamantane. Interestingly, 1 was also found to be the first example of a mononuclear U(III) complex that is capable of reducing pyridine. In addition, it is shown that a wide variety of substrates can be inserted into the U-C bond, forming new U(III) metallacycles. These results highlight that cyclometalated U(III) complexes can serve as versatile precursors for a broad range of reactivity and for assembling a variety of novel chemical architectures.