In this contribution, we overview tensor network states techniques that
can be used for the treatment of high-dimensional optimization tasks used
in many-body quantum physics with long range interactions and ab initio
quantum chemistry. We will discuss the controlled manipulation of
entanglement in light of fermionic orbital optimization. Recent
developments on tree-tensor network states, multipartite entanglement,
time-dependent variational principle (TDVP), externally corrected coupled
cluster density matrix renormalization group (DMRG-TCCSD) method, will be
discussed in more detail. Finally, some new results will be shown for
extended periodic systems in one- and two dimensions, for topologically
protected end spins in carbon nanotubes, for transition metal complexes,
graphene nanoribbons and Wigner crystals.