In recent years quantum antiferromagnets with an intrinsically disordered (“spin liquid”) ground state and an energy gap in the spin excitation spectrum have received a great deal of attention. In search for new experimental realizations of spin-ladder and related models, we have embarked upon a new interesting family of low-dimensional materials with the general formula BiCu2AO6 (A = P, V and As). Among them, BiCu2PO6 shows a structure where Cu spins appear to form a two-leg zigzag ladder, which is believed to be a valuable model of a quantum magnet. However, for detailed studies of quantum magnetism, single crystals are indispensible. Therefore, in this thesis, synthesis and characterization of the newly-discovered spin ladder material BiCu2PO6 (BCPO) and its derivatives in the form of powder and single crystal are presented. Polycrystalline samples of Bi(Cu1-xZnx)2PO6 (x= 0.01, 0.02, 0.03, 0.04, 0.05 and 1), Bi1-y(Ca, Sr, La )yCu2PO6 (y = 0.15, 0.5 and 1) and BiCu2(P1-zVz)O6 (z = 1) were synthesized in this work. The solid state synthesis reactions, phase purity and thermal properties of the samples, substitution solubility, and preliminary magnetic susceptibility have been studied by thermal analysis (TG-DTA), X-ray powder diffraction (XRD), and Scanning Electron Microscope (SEM) as well as DC magnetization measurements, respectively. The BiCu2PO6 structure shows a remarkable chemical flexibility and interesting substitution effects. For detailed studies of the magnetic properties, well characterized large single crystals are indispensable. Thus in this thesis, a number of single crystal growth experiments have been performed using the Travelling Solvent Floating Zone method (TSFZ). Under the elaborated crystal growth conditions (growth rate of ~1 mm/h, gas mixture of 20% O2 in Argon, total 3 pressure (6~6.5 bar), high quality cm -size single crystals of Bi(Cu1-xZnx)2PO6 (x = 0, 0.01, 0.03, 0.05) have been successfully grown for the first time. For these crystals phase purity, crystal morphology/orientation, defect density, chemical composition distribution, crystal structure (room temperature and 1.5 K) and single crystal quality were thoroughly studied based on X-ray and neutron powder diffraction, optical and scanning electron microscopy, X-ray/neutron Laue diffraction, ICP-OES/X-ray fluorescence and two-axis neutron diffraction. Moreover, the specific heat Cp (H,T), AC susceptibility χ(H,T) and DC magnetization M(H,T) measurements on well-characterized single crystal samples of the undoped BCPO and 5% Zn-doped BCPO with the field applied along main crystallographic axes were performed in order to study the unique low temperature magnetic behaviour exhibited in this system, such as anisotropy of the magnetic properties, impurity-induced magnetism by the substitution of non-2+ magnetic cations (e.g. Zn ) and frustration. The magnetic phase diagram (H-T) under low field has been constructed. Further results obtained by close collaborators, based on the measurements made on single crystal samples grown in this thesis, including field-induced quantum phase transitions, NMR, Raman studies are attached directly at the end of this thesis.