Python is a versatile, high-level, and interpreted programming language that supports various programming paradigms, including object-oriented, imperative, and functional programming. It is user-friendly, dynamically typed, and conducive to rapid development, making it popular across multiple domains such as web development, data science, and artificial intelligence. With a strong community and an extensive collection of libraries, Python is a preferred choice for both beginners and experienced developers aiming to build a wide range of applications.