PHP is a widely used server-side scripting language that allows developers to create dynamic content that interacts with databases. It can generate dynamic web page content, create/read/write files, collect form data, and restrict user access. PHP is open source, free to use, and runs on most web servers by default, making it a cost-effective choice for web development. It has built-in support for MySQL and can also connect to other databases. PHP code is executed on the server and returns HTML to browsers.