This thesis explores new techniques for making precise measurements of low-mass stars and brown dwarfs, collectively known as Ultracool Dwarfs (UCDs). These new techniques are directly applicable to the search for extrasolar planets and efforts to test theoretical models of stellar structure and evolution at the bottom of the main sequence.

The first three chapters of this thesis describe the development and application of a new technique for making radial velocity measurements of UCDs at near infrared (NIR) wavelengths. The first chapter describes a pilot study that demonstrates a significant improvement over previous work on Doppler measurements in the NIR. Using this technique we have carried out a Doppler survey of 65 L dwarfs. The second chapter describes the discovery of a new spectroscopic binary that may be one of the most important for constraining theoretical models of UCDs. The third chapter describes the Doppler survey in detail and presents measurements of a new spectroscopic binary system that is an excellent candidate for a giant planetary companion to a mid-L dwarf. This chapter also includes a discussion of the of the rotation, space motions, and binarity of the L dwarfs in the survey sample.

The fourth chapter describes efforts to obtain precise photometric measurements of UCDs with the Peters Automated Infrared Imaging Telescope (PAIRITEL). Using software scheduling and data reduction systems designed in part by the author, PAIRITEL gathered more than 10⁶ seconds of observations of a sample of 20 UCDs. We investigate the limitations to ground-based infrared photometry and characterize the ability of a system like PAIRITEL to detect transits of UCDs by Earth-like planets.

The fifth chapter explores the potential impact of future synoptic surveys on studies of UCDs. Surveys like Pan-STARRS and LSST will obtain a small number of high-quality observations of a large number of UCDs. Using data from the Sloan Digital Sky Survey, we demonstrate that such data can be used to reliably detect low-mass eclipsing binary stars. We present the discovery of a double-lined eclipsing binary system that allows us to directly measure the masses and radii of two M dwarfs.