The perception of melatonin as a mediator of darkness, formed in a circadian fashion, circulating in subnanomolar concentrations, and removed as 6-sulfatoxymelatonin, reflects only a sector within a spectrum of actions. This ubiquitous compound present in bacteria and eucaryotes is exceptionally pleiotropic, in terms of binding proteins, receptor distribution, G protein coupling, electron-exchange reactions, and secondary effects by metabolites, such as 5methoxytryptamine and methoxylated kynuramines. Membrane receptors are located, e.g., in the vertebrate suprachiasmatic nucleus, pars tuberalis, brain, vasculature, and leukocytes. Binding proteins include quinone reductase 2, ROR/RZR transcription factors, calmodulin, calreticulin, nuclear and mitochondrial proteins. Actions via hormonal subsystems, growth factors, neurotransmission and immune system lead to further secondary effects. Single-electron transfer reactions are basis of radical scavenging, non-enzymatic metabolism and interactions with electron transport systems. The metabolite, N 1-acetyl-5-methoxykynuramine, is a potent inhibitor of prostaglandin synthesis and of neuronal NO synthase, an NO scavenger and a mitochondrial modulator.