Python is a high-level, dynamically typed and interpreted programming language that emphasizes readability and rapid development. It can be used for a variety of applications including web development, game development, machine learning, data science, desktop GUIs, web scraping, business applications, audio/video applications, CAD applications, and embedded applications. Some popular frameworks for web development include Django and Flask, and popular libraries for machine learning and data science include Pandas, Scikit-Learn, and NumPy. Overall, Python supports cross-platform development and has many libraries that make it suitable for a wide range of tasks.