The present article deals with the thermodynamic behavior and phase stability of closo-decaborate nematogen viz. dinitrogen-10-(4-pentyl-1-thiacyclohexyl)-closo-decaborate (DPTD) at a molecular level. The atomic net charge and dipole moment at each atomic center have been evaluated using the complete neglect differential overlap (CNDO) method. The modified Rayleigh-Schrodinger perturbation method along with multicentered-multipole expansion method has been employed to evaluate the long-range intermolecular interactions, while a 6-exp' potential function has been assumed for the short-range interactions. The total interaction energy values obtained through these computations have been used to calculate the probability of each configuration at room temperature (300 K), nematic-isotropic transition temperature (435 K), and above transition temperature (500 K) using the Maxwell-Boltazman formula. Further, the entropy of each configuration has been computed during the different modes of interactions. The adopted framework provides valuable information on thermodynamic behavior, and phase stability of novel nematogen based on parameters, i.e., molecular and thermodynamic, introduced in this article.