AbstractSince the initial observation of quantum effects, scientists have worked diligently to understand and harness their potential. Thanks to many pioneers, a level where quantum effects can be exploited is reached. Numerous cutting‐edge technologies, such as quantum sensing and quantum computing, are proposed. A common trait in all technologies is the need to manipulate and read out their states; therefore, the quantum characteristics of the building blocks must adhere to strict guidelines. Magnetic Molecules (MMs) are promising candidates. They can be obtained indistinguishably, and the control over their structural and electronic properties, makes them appealing to act as quantum bits or “qubits”. MMs can be connected to other units while preserving their coherence properties, enabling the implementation of quantum gates. Furthermore, the low‐lying energy levels can be exploited as qudits, which can exist in more than 2 states simultaneously (d > 2), allowing them to hold more information efficiently. The larger electronic/nuclear space in qudits can decrease the number of physical units and enhance computational efficiency, reducing error and making them promise for complex problem‐solving. In this perspective article, the physical characteristics of MMs and key achievements that position them as promising candidates for quantum technologies, are described.