Rab GTPases are a family of small GTP-binding proteins that play a crucial role in regulating vesicular transport within cells. They act as molecular switches, cycling between an active GTP-bound state and an inactive GDP-bound state, which controls various aspects of vesicle trafficking, including formation, targeting, and fusion. By interacting with specific effector proteins, Rab GTPases help ensure that vesicles reach their correct destinations and fuse with the appropriate target membranes.