Synthesis of primaryalcohols from terminalalkenes is an important process in both bulk and fine chemical syntheses. Herein, a homogeneous Pd‐complex‐catalyzed transformation of terminalalkenes into primaryallylicalcohols, by using 5 mol % [Pd(PPh3)4] as a catalyst, and H2O, CO2, and quinone derivatives as reagents, is reported. When alcohols were used instead of H2O, allylic ethers were obtained