An overview of the main scientific areas of condensed matter research, which are extended with the use of the IBR-2 high-flux research reactor, is presented. It is demonstrated that the spectrometer facility of the upgraded reactor has great potential for studying the structural, magnetic, and dynamical properties of novel functional materials and nanobiosystems, which ensures the leading position of the Joint Institute for Nuclear Research in neutron research of condensed matter for the long-term prospect.