Lambda, the cosmological constant, is considered the fifth foundational constant in physics along with the speed of light c, Planck's constant h, gravitational constant G, and Boltzmann's constant k. Einstein, de Sitter, Lemaitre, and others originally considered Lambda in their early formulations of cosmology. Lambda represents the energy density of empty space and is related to the curvature of spacetime. Its observed value plays a key role in the current Lambda-CDM model of cosmology, which describes our flat, expanding universe containing dark matter, dark energy, and other components.