OpenMP is a framework for parallel programming that utilizes shared memory multiprocessing. It allows users to split their programs into threads that can run simultaneously across multiple processors or processor cores. OpenMP uses compiler directives, runtime libraries, and environment variables to implement parallel regions, shared memory, and thread synchronization. It is commonly used with C/C++ and Fortran to parallelize loops and speed up computationally intensive programs. A real experiment showed a nested for loop running 3.4x faster when parallelized with OpenMP compared to running sequentially.