Due to the typically large, bi-stable spin anisotropy, single-molecule magnets promise the realization of perhaps the smallest practical unit for magnetic memory, and thus are possible building blocks for a quantum computer. Consequently, many groups have devoted great efforts into synthesis of additional single-molecule magnets. Single-molecule magnets have been considered as potential building blocks for quantum computers. A single-molecule magnet is a system of many interacting spins with clearly defined low-lying energy levels. The high symmetry of the single-molecule magnet allows for a simplification of the spins that can be controllable in external magnetic fields. Single-molecule magnets display strong anisotropy, a property which allows a material to assume a variation of properties in different orientations. Anisotropy ensures that a collection of independent spins would be advantageous for quantum computing applications. A large amount of independent spins compared to a singular spin, permits the creation of a larger qubit and therefore a larger faculty of memory. Superposition and interference of the independent spins also allows for further simplification of classical computation algorithms and queries.