The ozone layer is a deep layer located in the stratosphere that shields the Earth from harmful ultraviolet radiation from the sun. It contains 90% of the ozone in the atmosphere, residing 10-30 miles above the surface. The ozone layer plays a beneficial role by absorbing most UV-B radiation, allowing life on Earth to thrive. However, depletion of the ozone layer from CFC emissions and other chemicals has increased UV levels at the surface with harmful effects on humans, animals and plants. International agreements like the Montreal Protocol have aimed to reduce ozone depleting chemicals but more efforts are needed to balance natural ozone production and prevent further depletion.