The outstanding nucleophilicity of the {Pt(μ‐S)2Pt} core in compounds [L2Pt(μ‐S)2PtL2] (L2 = phosphane) accounts for their ability to act as metalloligands towards main group and transition metals, and thus for the high number of [{L2Pt(μ3‐S)2PtL2}xML′y]z aggregates already described. However, the electronic and molecular features underpinning this behavior anticipate a landscape of comparable richness for the reactions of [L2Pt(μ‐S)2PtL2] with non‐metal electrophiles. Exploration of the chemistry of [L2Pt(μ‐S)2PtL2] (L2 = chelating diphosphane) towards various electron‐acceptor species has been the aim of our research for the past years. In this microreview we survey the synthetic strategies of [L2Pt(μ‐S)2PtL2] compounds, their distinguishing electronic and molecular features, the dynamic processes and electron‐donor properties of the {Pt(μ‐S)2Pt} core, and its binding ability towards metal centers. Moreover, particular attention is given to the reaction chemistry of [L2Pt(μ‐S)2PtL2] with organic electrophiles and protic acids, as well as to the influence of the {Pt(μ‐S)2Pt} core on the reactivity of inorganic or organic L′ ligands in [{L2Pt(μ3‐S)2PtL2}xML′y]z aggregates. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2004)