The pituitary gland, known as the master gland, measures 8x12 mm and is located within the sella turcica of the sphenoid bone. It consists of an anterior lobe (adenohypophysis) and a posterior lobe (neurohypophysis), each developing from different embryonic origins. The gland plays a crucial role in hormone secretion, with specific blood supply channels and communication pathways with the hypothalamus via the hypothalamo-hypophyseal portal system.