Iterative structures, also known as loops, repeat sections of code and are used for tasks like calculating multiple values, computing iterative results, printing tables of data, and processing large amounts of input or array data. The three types of loops in C++ are the while loop, do-while loop, and for loop, each with different test conditions to control the loop execution. Loops can also be nested within each other to perform multiple iterations or to loop through multi-dimensional data structures.