The development of nanomaterials
for next generation photonic,
optoelectronic, and catalytic applications requires a robust synthetic
toolkit for systematically tuning composition, phase, and morphology
at nanometer length scales. While de novo synthetic methods for preparing
nanomaterials from molecular precursors have advanced considerably
in recent years, postsynthetic modifications of these preformed nanostructures
have enabled the stepwise construction of complex nanomaterials. Among
these postsynthetic transformations, cation exchange reactions, in
which the cations ligated within a nanocrystal host lattice are substituted
with those in solution, have emerged as particularly powerful tools
for fine-grained control over nanocrystal composition and phase. In
this feature article, we review the fundamental thermodynamic and
kinetic basis for cation exchange reactions in colloidal semiconductor
nanocrystals and highlight its synthetic versatility for accessing
nanomaterials intractable by direct synthetic methods from molecular
precursors. Unlike analogous ion substitution reactions in extended
solids, cation exchange reactions at the nanoscale benefit from rapid
reaction rates and facile modulation of reaction thermodynamics via
selective ion coordination in solution. The preservation of the morphology
of the initial nanocrystal template upon exchange, coupled with stoichiometric
control over the extent of reaction, enables the formation of nanocrystals
with compositions, morphologies, and crystal phases that are not readily
accessible by conventional synthetic methods.