The limbic system is a set of brain structures located deep in the brain that are involved in emotion, behavior, motivation, long-term memory, and olfaction. It includes the hippocampus, amygdala, and surrounding cortical areas. The hippocampus plays a key role in memory formation and storage. The amygdala is involved in emotional responses and regulating autonomic functions. Damage to limbic structures like the hippocampus and amygdala can result in conditions like Kluver-Bucy syndrome, anxiety, schizophrenia, and memory disorders.