This document discusses the producer-consumer problem and its solution using inter-thread communication. The producer-consumer problem involves two threads - a producer that generates data and puts it in a shared buffer, and a consumer that removes data from the buffer. The challenge is ensuring the producer does not add to a full buffer and the consumer does not remove from an empty buffer. The solution uses wait(), notify(), and notifyAll() methods to put threads to sleep and wake them up, allowing synchronized access to the buffer and solving the problem. Applications where this pattern is used include parallel computing and real-time systems.