Microwavemolecular spectroscopy is progressing impressively. In part, profiting from recent experimental developments that combine jet‐expansion sources with elaborate means for preparation of new chemical systems, advances in spectroscopic instrumentation — namely, the rise of very sensitive and high‐resolution time‐domain techniques — are even more significant. Precise structural studies have always been a strength of rotational spectroscopy; now problems arising from convoluted intramolecular dynamics, such as conformational, tautomeric equilibria, and other large amplitude motions, as well as intermolecular vibrational energy redistribution and isomerization, can be targeted with the unrivaled precision of rotational investigations. Numerous interesting chemical systems like molecules with multiple concurrent internal motions, larger complexes, aggregates, biomolecules, and transient species were characterized recently — positioning microwave spectroscopy today as a prime method for the investigation of multidimensional flexible systems. Rotational studies elucidate an extensive range of intermolecular interactions, ranging from hydrogen bonding and van der Waals interaction to the unusual effects observed in quantum solvation. The development of microwave pulsed excitation multiresonance techniques and the advent of instantaneous broadband‐coverage microwave spectroscopy are impressively boosting the capabilities of rotational spectroscopy to quite routinely disentangle the unique spectral signatures that encode the structure and dynamics of hitherto pathological molecular cases. The versatile capabilities of microwave coherence spectroscopy are outlined in the treatment of time‐dependent interaction of rotating molecules with radiation.