Serialization is the process of converting data structures into a format that can be stored or transmitted. It allows data to be sent between processes, stored in databases or files, and used for remote procedure calls. While serialization enables these useful functions, it can also break encapsulation and expose private implementation details if not done carefully. There are many different serialization formats used, including XML, JSON, YAML, and language-specific formats. Many programming languages have built-in support for serialization through standard libraries and modules.