Single-molecule magnets are a type of molecular compound that exhibits magnetic properties at the single-molecule level, allowing them to retain magnetization in the absence of an external magnetic field. These materials are significant because they showcase the interplay between molecular structure and magnetic behavior, leading to potential applications in data storage and quantum computing. Their unique ability to maintain magnetic states is closely tied to concepts of spin and magnetism within molecular systems, as well as the development of molecular qubits for quantum information processing.
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