Here is an idea I've been working on for self study.
Suppose $S$ is a division subring of $\mathbb{H}$ (the quaternions, viewed as a subring of $M_2(\mathbb{C})$), which is stabilized by the maps $x\mapsto dxd^{-1}$ for all $d\neq 0$ in $\mathbb{H}$. Then either $S=\mathbb{H}$, or $S$ is contained in the center.
I suppose that $S\neq\mathbb{H}$. I define $\varphi_d\colon S\to S$ to be the conjugation map $x\mapsto dxd^{-1}$. Evidently, I find that each $\varphi_d$ is a bijection on $S$, as it is injective, and for any $y\in S$, $d^{-1}yd\in S$ and is the desired preimage for $\varphi_d$.
I also proved that $Z(\mathbb{H})=\mathbb{R}$. I don't know how to show $S\subset Z(\mathbb{H})$ when $S\neq\mathbb{H}$. I want to show $\varphi_d=\mathrm{id}_S$ for all $d\neq 0$ in $\mathbb{H}$, but I don't know how to prove that. Does anyone have any hints or suggestions on what to do?
I assume that $S$ contains at least one imaginary element $ai+bj+ck$. Conjugating by $i$ shows $ai-bj-ck\in S$, so $2ai\in S$. Similarly, $2bj,2ck\in S$. Is it possible to scale these to any real coefficient to conclude that $S$ contains all imaginary elements?
Take $a\in\mathbb{H}\setminus S$, and take $s\in S^*$. I claim that the commutator $[s,a]=sas^{-1}a^{-1}=1$.
Notice that $a$ is invertible as it is nonzero, and since $a\neq -1$, $a+1\neq 0$, and is thus invertible also. So $[s,a]$ and $[s,a+1]$ exist.
Since $S$ is closed under conjugation, it follows that $[s,a],[s,a+1]\in S^*$. Quick computation shows $$ [s,a+1](a+1)=[s,a]a+1 $$ which implies $$ ([s,a+1]-[s,a])a=1-[s,a+1]. $$ If $[s,a+1]\neq[s,a]$, then $([s,a+1]-[s,a])^{-1}$ exists and is in $S$, so $$ a=([s,a+1]-[s,a])^{-1}(1-[s,a+1])\in S, $$ a contradiction since $a\in\mathbb{H}\setminus S$. So necessarily $[s,a+1]=[s,a]$, which simplifies to imply $[s,a]=1$, or $sa=as$. Thus every element of $S^*$ commutes with every elements of $\mathbb{H}\setminus S$. Not take any $s,t\in S^*$, then if $a\in\mathbb{H}\setminus S$, $a+t\in\mathbb{H}\setminus S$. Then $$ st=s(a+t-a)=s(a+t)-sa=(a+t)s-as=ts $$ where we use the fact that $s$ commutes with $a+t$ and $a$ as found above. So every element of $S^*$ also commutes with every element of $S^*$. Everything still works when considering $0$, so it follows that $S\subset Z(\mathbb{H})$.
Note that nothing inherently special about the quaternions was used here except that $\mathbb{H}$ is a division ring, so this result holds for any division subring of a division ring which is closed under conjugation from the overring.