Rooting is the process of gaining administrative privileges on an Android device. It allows users to control their CPU, flash custom ROMs and kernels, remove pre-installed apps, and back up their system for seamless transitions. However, rooting also carries risks like bricking the device, voiding the warranty, and increasing security vulnerabilities. The procedure to root a device depends on its model and different applications like Framaroot, Towelroot, and CF-Auto-Root can be used for rooting select devices.