The Ferrara ring is an intrastromal corneal ring segment (ICR) used to treat keratoconus and other corneal ectatic diseases by improving corneal shape and visual acuity. It is made of PMMA acrylic and varies in thickness and arc length, showing effectiveness in reducing astigmatism and myopia, while preserving corneal structure. Surgical techniques have evolved from manual to femtosecond laser methods to enhance precision and reduce complications in ring implantation.