The Obukhov length, although often adopted as a characteristic scale of the atmospheric boundary layer, has been introduced purely based on a dimensional argument without a deductive derivation from the governing equations. Here, its derivation is pursued by the nondimensionalization method in the same manner as for the Rossby deformation radius and the Ekman-layer depth. Physical implications of the Obukhov length are inferred by nondimensionalizing the turbulence-kinetic-energy equation for the horizontally homogeneous boundary layer. A nondimensionalization length scale for a full set of equations for boundary-layer flow formally reduces to the Obukhov length by dividing this scale by a rescaling factor. This rescaling factor increases with increasing stable stratification of the boundary layer, in which flows tend to be more horizontal and gentler; thus the Obukhov length increasingly loses its relevance. A heuristic, but deductive, derivation of Monin–Obukhov similarity theory is also outlined based on the obtained nondimensionalization results.