Nitrous oxide is introduced as a multi-purpose propellant for spacecraft. Potential space applications of this propellant are given. Based on comparison to conventional systems, a multi-mode nitrous oxide propulsion concept is expected to deliver higher performance. Main features of a self-pressurising, nitrous oxide storage system are described. A nitrous oxide catalytic decomposition technique is suggested for restartable spacecraft propulsion. Up-to-date experimental results are presented. A conclusion describes the long-term feasibility of novel nitrous oxide propulsion option concepts.