The current status of the molecular surface property approach (MSPA) and its application for analysis and prediction of intermolecular interactions, including chemical reactivity, are reviewed. The MSPA allows for identification and characterization of all potential interaction sites of a molecule or nanoparticle by the computation of one or more molecular properties on an electronic isodensity surface. A wide range of interactions can be analyzed by three properties, which are well-defined within Kohn-Sham density functional theory. These are the electrostatic potential, the average local ionization energy, and the local electron attachment energy. The latter two do not only reflect the electrostatic contribution to a chemical interaction, but also the contributions from polarization and charge transfer. It is demonstrated that the MSPA has a high predictive capacity for non-covalent interactions, for example, hydrogen and halogen bonding, as well as organic substitution and addition reactions. The latter results open up applications within drug design and medicinal chemistry. The application of MSPA has recently been extended to nanoparticles and extended surfaces of metals and metal oxides. In particular, nanostructural effects on the catalytic properties of noble metals are rationalized. The potential for using MSPA in rational design of heterogeneous catalysts is discussed. Tore Brinck is professor of physical chemistry at KTH Royal Institute of Technology in Stockholm, Sweden. He received his M.Sc. in chemical engineering from KTH in 1990, and his Ph.D. from the University of New Orleans in 1993 with Prof. Peter Politzer as Ph.D. advisor. His research involves the development of electronic descriptors for the analysis of chemical reactivity, as well as the application of electronic structure methods to the analysis of chemical reactions in condensed phases. He also uses computational chemistry to study enzyme design, heterogeneous catalysis, and energetic materials. Joakim Halldin Stenlid is a postdoctoral fellow in the group of Prof. Lars GM Pettersson at Stockholm University where he is carrying out computational studies in electrochemistry and heterogeneous catalysis. He obtained his Ph.D. in physical chemistry from KTH