Interacting particles with long coherence times are a key ingredient for entanglement generation and quantum engineering. Ultracold polar molecules are promising candidates due to their strong and tunable dipolar interactions as well as their long single-particle lifetimes. They possess many internal degrees of freedom that can be utilized in quantum simulation. Particularly appealing are superpositions of rotational states because they readily give rise to strong, long-range dipolar interactions. In this talk I will introduce a novel trapping technique for rotating polar molecules, nuclear spin-decoupled magic trapping. With this technique we achieve very low single-particle dephasing rates for our fermionic NaK molecules. These allow us not only to obtain record rotational spin coherence times but also to directly observe dipolar interactions in the molecular gas. This paves the way for fascinating future experiments with ultracold polar molecules.