Pandas is a Python library used for data manipulation and analysis. It provides data structures like Series and DataFrames that make working with structured data easy. A DataFrame is a two-dimensional data structure that can store data of different types in columns. DataFrames can be created from dictionaries, lists, CSV files, JSON files and other sources. They allow indexing, selecting, adding and deleting of rows and columns. Pandas provides useful methods for data cleaning, manipulation and analysis tasks on DataFrames.