The hippocampus is located in the medial temporal lobe and resembles a seahorse in shape. It contains several layers of cells including the pyramidal cell layer and polymorphic layer. The hippocampus receives input from the entorhinal cortex and sends output primarily through the fornix to structures like the mammillary bodies and septal nuclei. It plays a key role in forming long term memories by converting short term memories through long term potentiation. Diseases like Alzheimer's can damage the hippocampus and impair memory.