JavaFX is a next-generation UI toolkit developed as an open-source project for high-performance, data-centric rich Internet applications. It offers a wide range of features including hardware-accelerated graphics, CSS styling, and support for 3D and web content, aiming to overcome the limitations of previous Java UI technologies like Swing. With a focus on cross-platform development, JavaFX is suitable for desktop and mobile applications, leveraging community support for broader device compatibility.