The present article reviews structures, properties, reactivity and applications of transition metal complexes supported by the parent thiophenolate ligand system and various derivatives thereof. This extensive outline of literature published in the last decade covers publications about di‐ and higher nuclear complexes that exhibit bridging thiophenolate functions. The structuring of this contribution is based on the type of ligand involved in the coordination, covering monodentate thiophenolate ligands as well as bi‐ and higher dentate derivatives being acyclic or macrocyclic. An emphasis is set on structures but reactions, reactivity and catalysis, redox chemistry, and other properties of the complexes in review are discussed where appropriate.