Immunomodulators help regulate the immune system and are used to treat autoimmune diseases, organ transplants, cancer, and chronic infections. They are classified as immunosuppressants or immunostimulants. Immunosuppressants like glucocorticoids, cytostatics, antibodies, and drugs acting on immunophilins inhibit immune system activity. Immunostimulants like vaccines and levamisole stimulate immune system components. While immunomodulators are effective treatments, they can cause adverse effects like infections, bone marrow suppression, and organ toxicity that require patient monitoring.