The PictureBox control displays images on a form. It has an Image property that allows setting an image at design time or runtime. Common properties include AllowDrop, ErrorImage, Image, ImageLocation, InitialImage, and SizeMode. Methods include Load, LoadAsync, and CancelAsync. Events include Click, Enter, FontChanged, KeyDown, KeyPress, KeyUp, and Leave. The control is used to display images on a form and supports properties and events for loading, sizing, and interacting with images.