This review highlights the development in inorganic chemistry of indium made in the last ten years. The first parts of this article describe the preparation of new low‐valence indium complexes and organoindium (III) compounds, and the use of these compounds as starting materials for further synthesis. A special highlight is the compounds R
4
In
4
and R
4
In
2
, which show the lively development and the current trends in this field. The following parts present the development of organoindium compounds with group 15 or 16 ligands as single‐source molecular precursors for the deposition of indium‐containing semiconductors by MOCVD; the preparation and characterization of nanoparticles, nanowires, and nanotubes of indium metal, alloys, oxides, and indium‐V/VI semiconductors, which play a sizable role in the new generation of nanoscale electronic and optical devices; and the preparation of new indium intermetallic compounds, which present large structural variety and peculiar magnetic and electrical properties. The last part advances the applications of indium and indium halides in organic synthesis with particular reference to regio‐, stereo‐, and chemoselectivity. These reactions include the regioselective allylation of unsaturated functional groups, the acylation of alcohols and amines, the rearrangement of epoxides, the stereoselective debromination, and other reactions.