SBT is a build tool for Scala and Java projects that uses a Scala DSL for build definitions. It has conventions similar to Maven and allows simple projects to be set up easily, while also supporting more complex builds defined using Scala code. SBT build files can take several forms, including simple .sbt files or Scala files in a project subdirectory. Keys in SBT are scoped and can be configured differently based on the scope, such as for different modules or tasks like compiling documentation.