Zookeeper is a centralized service for maintaining configuration information, naming, providing distributed synchronization, and leader election. It allows for distributed applications to synchronize transactions and configuration updates. Zookeeper uses a data model of znodes that can be persistent, ephemeral, or sequential. Clients can set watches on znodes to receive notifications of changes. Zookeeper provides consistency guarantees including sequential consistency, atomicity, and a single system image. Many large companies and open source projects use Zookeeper for coordination across distributed systems.