Type-1 hypersensitivity is an immune response characterized by an excessive reaction to generally harmless substances, primarily mediated by IgE antibodies, leading to allergic reactions. The immune system differentiates between self and non-self antigens, where failure to maintain self-tolerance can result in disorders such as allergies or autoimmune diseases. Common diseases associated with type-1 hypersensitivity include asthma, anaphylaxis, and allergic rhinitis, with various diagnostic and treatment options available.