The thyroid gland produces thyroid hormones that regulate metabolism and other bodily functions. It is located in the neck below the larynx. The thyroid consists of follicles containing thyroglobulin, which is converted to the active hormones triiodothyronine (T3) and thyroxine (T4) through a process requiring iodine. These hormones influence growth, development, and metabolic rate. Disorders like hypothyroidism and hyperthyroidism can occur if thyroid hormone levels are too low or high, respectively, and can impact health if not properly treated.