Being rather touristy, the island is still a nice place to visit if you like snorkelling and pristine beaches. You can get here from Koh Tao by a taxi boat, or go on one the snorkelling tours that go around the island - they all make a stop here.
Note that there is a fee (100 THB) to enter the island and that you are not allowed to bring any plastic bottles here, so bringing a reusable water bottle is a good idea. However, you can just buy whatever you need at the bar.
Wikipedia (Thai) https://th.wikipedia.org/wiki/%E0%B9%80%E0%B8%81%E0%B8%B2%E0%B8%B0%E0%B8%99%E0%B8%B2%E0%B8%87%E0%B8%A2%E0%B8%A7%E0%B8%99
Coordinates 10°7'17.802" N 99°48'45.863" E