Quo vadis, stochastic thermodynamics?

Stochastic thermodynamics is a framework for describing non-equilibrium processes at the level of fluctuating trajectories, where the state of a system evolves as a stochastic time series, allowing thermodynamic quantities such as work, heat, and entropy production to be defined along individual realizations rather than at the ensemble level only. Over the past three decades, the field has yielded fundamental results, including fluctuation theorems and several universal bounds, such as thermodynamic uncertainty relations, speed limit theorems, and many others. Many of them have been tested on a range of experimental platforms. This Perspective reviews recent developments in stochastic thermodynamics that extend its scope beyond its traditional domains, including systems with memory and hidden degrees of freedom, microscopic approaches to interacting and active matter, and geometric formulations based on optimal transport. Next, the Perspective surveys the challenges that arise when applying these ideas to macroscopic and complex systems, where the link between statistical irreversibility and thermodynamic dissipation becomes less direct. Finally, emerging applications in non-physical contexts are highlighted, including computation, biological systems, and social dynamics. Transcending the traditional boundaries of physics, these developments catalyze an unorthodox framework to tackle the thermodynamics of complex systems.