Cython allows Python code to be compiled to C/C++ extensions for improved performance. It is a superset of Python that adds static type declarations for variables and functions. This allows Cython code to be compiled to efficient C/C++ code while retaining the syntax and functionality of Python. The document provides an overview of Cython and examples demonstrating how to install Cython, write basic Cython modules, optimize Python code with static types, call C functions from Cython, and interface with C/C++ libraries.