Ionic liquids (ILs) are salts with low melting points and are useful as electrolytes and solvents. We have developed ILs containing cationic metal complexes, which form a family of functional liquids that exhibit unique physical properties and chemical reactivities originating from metal complexes. Our study explores the liquid chemistry in the field of coordination chemistry, where solid‐state chemistry is currently the main focus. This review describes the molecular design, physical properties, and reactivities of organometallic ILs containing sandwich or half‐sandwich complexes. This paper mainly covers stimuli‐responsive ILs, whose magnetic properties, solvent polarities, colors, or structures change by the application of external fields, such as light, heat, and magnetic fields, or by reaction with coordinating molecules.