Neural stem cells are undifferentiated, multipotent cells in the central nervous system that can differentiate into various cell types, including neurons and oligodendrocytes, playing a crucial role in neural repair and development. Oligodendrocytes produce myelin and are essential for proper neuronal communication; damage to them can lead to severe cognitive and motor impairments. Treatments using neural stem cells for conditions like stroke and Parkinson's disease involve either stimulating the body's own cells or transplanting cultured cells to promote healing and functional recovery.