A queue is a linear data structure that operates on a first in, first out (FIFO) basis, allowing insertion at one end (rear) and deletion at the other end (front). Various operations such as enqueue and dequeue facilitate adding and removing elements, with applications including process scheduling in operating systems and managing asynchronous data transfer. The document also discusses circular queues and double-ended queues (dequeues) along with priority queues that manage elements based on their assigned priorities.