Immunotherapy has revolutionized the treatment of malignancies over the last 20 years, and new discoveries show potential for improvement in this area. T-cell immunoglobulin mucin receptor 3 (TIM-3) is an inhibitory receptor expressed on immune cells that regulates both innate and adaptive immune responses. In addition, TIM-3 maintains the self-renewal ability of leukemic stem cells through the activation of the 13-catenin and mTOR pathways. TIM-3 blockade is being studied as a new way to augment the anticancer response. Sabatolimab (MBG-453) is a high-affinity, humanized antibody targeting TIM-3. Based on the results of a dose-finding study, the recommended phase II dose was established at 800 mg every 4 weeks, with alternative dosing schedules of 600 mg every 3 or 400 mg every 2 weeks. Ongoing clinical trials with sabatolimab are concentrating on patients with myeloid malignancies, such as acute myeloid leukemia, myelodysplastic syndromes and chronic myelomonocytic leukemia, usually combining sabatolimab with low-intensity therapy (hypomethylating agents and/or venetoclax). Two studies involve patients with advanced or metastatic solid tumors and glioblastoma multiforme. The standalone efficacy of sabatolimab in the therapy of solid cancers is not established, but the co-blockade of PD-1 and TIM-3 can be adopted in the clinical field. Studies in myeloid malignancies show promising perspectives, especially on adopting this as the standard of care in heavily pretreated patients.