In this chapter, we briefly describe the history of biomolecular solution NMR spectroscopy focusing on the milestones making it possible to study large molecules with high molecular weight. We then discuss the fundamentals and perspectives of NMR spectroscopy as a tool in the drug discovery, for example, for the characterization of the binding of small molecules isolated from plants to biomolecules. First, the currently most popular NMR methods for ligand screening and hit validation are discussed followed by a short description of NMR spectroscopic tools for hit and lead optimization. In the last two sections, magnetic resonance methods for monitoring ligand binding to the two major classes of biomolecules, proteins and nucleic acids, are described.