Groovy is a dynamic language for the Java Virtual Machine that aims to provide an alternative to Java for those seeking a more concise and expressive syntax. It is compatible with Java and allows Java code to be called from Groovy and vice versa. Groovy reduces boilerplate code through features like optional typing, closures/lambdas, operator overloading, and dynamic method dispatch. It also provides concise syntax for lists, maps, ranges, and other common data structures.