A varactor diode, also known as a varicap diode, is a semiconductor device that alters its capacitance in response to varying bias voltage, enabling applications in RF design, such as voltage-controlled oscillators and RF filters. The document outlines its construction, different types, working principles, characteristics, and applications, emphasizing the ability to achieve frequency variations. Varactor diodes are particularly useful for tuning circuits, auto-tuning receivers, and enhancing circuit performance while being more compact and reliable than traditional components.