Neurulation is the process during embryonic development where the neural plate folds inward to form the neural tube, which eventually develops into the central nervous system. It involves the thickening of the ectoderm under the influence of the notochord and signaling molecules, leading to the formation of neural folds and ultimately the closure of the neural tube by the end of the fourth week. Additionally, neural crest cells emerge from the neural plate border, contributing extensively to various structures including the peripheral nervous system, craniofacial features, and other essential tissues.