The reactions of oxide [(dpp-bian)Al(μ2-O)2Al(dpp-bian)] (1) (dpp-bian = 1,2-bis[(2,6-diisopropylphenyl)imino]acenaphthene) with phenyl- or cyclohexylisocyanates result in the formation of carbonimidate derivatives [(dpp-bian)Al(μ-O)(μ-RNCO2)Al(dpp-bian)] (R = Ph, 2; Cy, 3). Addition of N,N'-dicyclohexylcarbodiimide to compound 1 leads to the formation of ureate complex [(dpp-bian)Al(μ-O)(μ-(CyN)2CO)Al(dpp-bian)] (4). The reactions of the oxide 1 with pinacolborane and catecholborane afford oxo-bridged hydride [{(dpp-bian)Al(H)}(μ-O){Al(OBpin)(dpp-bian)}] (5) and compound [{(dpp-bian)Al(OBCat)}2(μ-O)] (7), respectively. Insertion of cyclohexylisocyanate into the Al-H bond of compound 5 gives CO insertion product [{(dpp-bian)Al(OC(H)NCy)}(μ-O){Al(OBpin)(dpp-bian)}] (6). New compounds have been characterized by ESR and IR spectroscopy; their molecular structures have been established by single-crystal X-ray analysis. The oxide 1 serves as a catalyst for the hydroboration of heteroallenes (isocyanates, carbodiimides) with pinacolborane.