Prostaglandins are lipid compounds produced in the body that have hormone-like functions. They are derived from arachidonic acid and have diverse roles such as regulating blood pressure, smooth muscle contraction, and inflammatory responses. Prostaglandins are involved in important biological processes like reproduction and digestion. While prostaglandins are necessary for healing, an excess can cause pain and inflammation. Medications like NSAIDs work by blocking prostaglandin production to reduce inflammation.