diff --git a/package-lock.json b/package-lock.json
index f896d1d58..1cdabb0e1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -11,7 +11,9 @@
             "dependencies": {
                 "@datepicker-react/hooks": "^2.3.1",
                 "@fontsource-variable/roboto-flex": "^5.2.6",
+                "@internationalized/date": "3.12.0",
                 "@popperjs/core": "^2.11.5",
+                "@react-stately/utils": "3.11.0",
                 "@styled-system/theme-get": "^5.1.2",
                 "@types/react-select": "^4.0.18",
                 "@types/styled-system": "^5.1.9",
diff --git a/package.json b/package.json
index 49e61abcc..2ced0cb6c 100644
--- a/package.json
+++ b/package.json
@@ -163,7 +163,9 @@
     "dependencies": {
         "@datepicker-react/hooks": "^2.3.1",
         "@fontsource-variable/roboto-flex": "^5.2.6",
+        "@internationalized/date": "3.12.0",
         "@popperjs/core": "^2.11.5",
+        "@react-stately/utils": "3.11.0",
         "@styled-system/theme-get": "^5.1.2",
         "@types/react-select": "^4.0.18",
         "@types/styled-system": "^5.1.9",
diff --git a/src/components/experimental/TimeField/TimeField.tsx b/src/components/experimental/TimeField/TimeField.tsx
index d453e1808..21fee865d 100644
--- a/src/components/experimental/TimeField/TimeField.tsx
+++ b/src/components/experimental/TimeField/TimeField.tsx
@@ -1,20 +1,45 @@
 import React from 'react';
+import styled from 'styled-components';
 import { TimeValue } from 'react-aria';
 import { FieldError, TimeField as BaseTimeField, TimeFieldProps as BaseTimeFieldProps } from 'react-aria-components';
+import { useControlledState } from '@react-stately/utils';
+import { now, getLocalTimeZone } from '@internationalized/date';
+import { getSemanticValue } from '../../../essentials/experimental';
 import { Label } from '../Field/Label';
 import { Footer } from '../Field/Footer';
 import { FakeInput } from '../Field/FakeInput';
 import { InnerWrapper } from '../Field/InnerWrapper';
-import { DateInput } from '../Field/Field';
+import { DateInput, fieldTextStyles } from '../Field/Field';
 import { DateSegment } from '../Field/DateSegment';
 import { Wrapper } from '../Field/Wrapper';
 import { FieldProps } from '../Field/Props';
 import { VisuallyHidden } from '../../VisuallyHidden/VisuallyHidden';
 
+const TimeInputWrapper = styled.div`
+    position: relative;
+`;
+
+const StyledDateInput = styled(DateInput)<{ $isHidden?: boolean }>`
+    ${props => props.$isHidden && 'opacity: 0;'}
+`;
+
+const EmptyStateLabel = styled.span`
+    ${fieldTextStyles}
+    position: absolute;
+    inset: 0;
+    display: flex;
+    align-items: center;
+    pointer-events: none;
+    color: ${getSemanticValue('on-surface-variant')};
+`;
+
 type TimeFieldProps = Omit<FieldProps, 'label'> &
     BaseTimeFieldProps<TimeValue> & {
         label: string;
         hideLabel?: boolean;
+        emptyStateLabel?: string;
+        getValueOnBlur?: (value: TimeValue) => TimeValue | null;
+        getNow?: () => TimeValue;
     };
 
 const TimeField = React.forwardRef<HTMLDivElement, TimeFieldProps>(
@@ -28,34 +53,72 @@ const TimeField = React.forwardRef<HTMLDivElement, TimeFieldProps>(
             actionIcon,
             isVisuallyFocused = false,
             hideTimeZone = true,
+            emptyStateLabel,
+            getValueOnBlur,
+            getNow = () => now(getLocalTimeZone()),
+            value: valueProp,
+            defaultValue,
+            onChange,
+            onFocusChange,
             ...props
         },
         forwardedRef
-    ) => (
-        <Wrapper>
-            <BaseTimeField {...props} hideTimeZone={hideTimeZone} ref={forwardedRef}>
-                {({ isInvalid }) => (
-                    <>
-                        <FakeInput $isVisuallyFocused={isVisuallyFocused}>
-                            {leadingIcon}
-                            <InnerWrapper hideLabel={hideLabel}>
-                                {hideLabel ? (
-                                    <VisuallyHidden>
-                                        <Label>{label}</Label>
-                                    </VisuallyHidden>
-                                ) : (
-                                    <Label $flying>{label}</Label>
-                                )}
-                                <DateInput>{segment => <DateSegment segment={segment} />}</DateInput>
-                            </InnerWrapper>
-                            {actionIcon}
-                        </FakeInput>
-                        <Footer>{isInvalid ? <FieldError>{errorMessage}</FieldError> : description}</Footer>
-                    </>
-                )}
-            </BaseTimeField>
-        </Wrapper>
-    )
+    ) => {
+        const [value, setValue] = useControlledState<TimeValue | null>(valueProp, defaultValue ?? null, onChange);
+        const [isFocused, setIsFocused] = React.useState(false);
+
+        const handleFocusChange = (focused: boolean) => {
+            if (focused && value == null && getValueOnBlur) {
+                setValue(getNow());
+            } else if (!focused && value != null && getValueOnBlur) {
+                setValue(getValueOnBlur(value));
+            }
+            setIsFocused(focused);
+            onFocusChange?.(focused);
+        };
+
+        const showEmptyStateLabel = !isFocused && value == null && !!emptyStateLabel;
+
+        return (
+            <Wrapper>
+                <BaseTimeField
+                    {...props}
+                    value={value}
+                    onChange={setValue}
+                    onFocusChange={handleFocusChange}
+                    hideTimeZone={hideTimeZone}
+                    ref={forwardedRef}
+                >
+                    {({ isInvalid }) => (
+                        <>
+                            <FakeInput $isVisuallyFocused={isVisuallyFocused}>
+                                {leadingIcon}
+                                <InnerWrapper hideLabel={hideLabel}>
+                                    {hideLabel ? (
+                                        <VisuallyHidden>
+                                            <Label>{label}</Label>
+                                        </VisuallyHidden>
+                                    ) : (
+                                        <Label $flying>{label}</Label>
+                                    )}
+                                    <TimeInputWrapper>
+                                        <StyledDateInput $isHidden={showEmptyStateLabel}>
+                                            {segment => <DateSegment segment={segment} />}
+                                        </StyledDateInput>
+                                        {showEmptyStateLabel && (
+                                            <EmptyStateLabel aria-hidden="true">{emptyStateLabel}</EmptyStateLabel>
+                                        )}
+                                    </TimeInputWrapper>
+                                </InnerWrapper>
+                                {actionIcon}
+                            </FakeInput>
+                            <Footer>{isInvalid ? <FieldError>{errorMessage}</FieldError> : description}</Footer>
+                        </>
+                    )}
+                </BaseTimeField>
+            </Wrapper>
+        );
+    }
 );
 
 export { TimeField, TimeFieldProps };
diff --git a/src/components/experimental/TimeField/docs/TimeField.stories.tsx b/src/components/experimental/TimeField/docs/TimeField.stories.tsx
index 5b6b85680..83f606578 100644
--- a/src/components/experimental/TimeField/docs/TimeField.stories.tsx
+++ b/src/components/experimental/TimeField/docs/TimeField.stories.tsx
@@ -2,7 +2,7 @@ import React from 'react';
 import { StoryObj, Meta } from '@storybook/react';
 import { action } from '@storybook/addon-actions';
 import { getLocalTimeZone, now, parseTime } from '@internationalized/date';
-import { TimeField } from '../TimeField';
+import { TimeField, TimeFieldProps } from '../TimeField';
 import ClockIcon from '../../../../icons/basic/ClockIcon';
 import DropdownSelectIcon from '../../../../icons/arrows/DropdownSelectIcon';
 
@@ -18,7 +18,7 @@ const meta: Meta = {
                 <Story />
             </div>
         )
-    ],
+    ]
 };
 
 export default meta;
@@ -88,3 +88,55 @@ export const WithActionIcon: Story = {
         actionIcon: <DropdownSelectIcon onClick={action('Show dropdown')} />
     }
 };
+
+const resetThresholdArgType = {
+    name: 'resetThresholdMinutes',
+    description: 'On blur, if the edited time is within this many minutes of "now" the field resets to its empty state',
+    control: { type: 'number', min: 0, max: 60 }
+} as const;
+
+const getValueOnBlurArgType = {
+    table: { disable: true }
+} as const;
+
+const renderWithResetThreshold = (args: TimeFieldProps & { resetThresholdMinutes?: number }): JSX.Element => {
+    const { resetThresholdMinutes = 1, ...rest } = args;
+    return (
+        <TimeField
+            {...rest}
+            getValueOnBlur={value => {
+                action('getValueOnBlur')(value.toString());
+                const current = now(getLocalTimeZone());
+                const minutesApart = Math.abs(value.hour * 60 + value.minute - (current.hour * 60 + current.minute));
+                return minutesApart <= resetThresholdMinutes ? null : value;
+            }}
+        />
+    );
+};
+
+export const WithEmptyStateDefaultingToNow = {
+    args: {
+        label: 'Appointment time',
+        emptyStateLabel: 'Now',
+        resetThresholdMinutes: 1
+    },
+    argTypes: {
+        resetThresholdMinutes: resetThresholdArgType,
+        getValueOnBlur: getValueOnBlurArgType
+    },
+    render: renderWithResetThreshold
+};
+
+export const WithEmptyStateAndLeadingIcon = {
+    args: {
+        label: 'Appointment time',
+        emptyStateLabel: 'Now',
+        leadingIcon: <ClockIcon />,
+        resetThresholdMinutes: 1
+    },
+    argTypes: {
+        resetThresholdMinutes: resetThresholdArgType,
+        getValueOnBlur: getValueOnBlurArgType
+    },
+    render: renderWithResetThreshold
+};