LaTeX is a high-quality typesetting system predominantly used for creating technical and scientific documents, focusing on content rather than appearance. It has evolved from a set of macros built on top of TeX, with LaTeX2e being the current version, providing advanced features for typesetting, including mathematical formulas and multi-lingual support. While it offers numerous advantages such as consistency and high-quality output, LaTeX can be difficult to learn and does not provide WYSIWYG functionality.