Isotope fractionation is a key concept in geochemistry, involving the separation of isotopes between substances or phases. This process leads to changes in isotope ratios, which can be measured and used to study various geological and environmental processes. Understanding isotope fractionation is crucial for applications in paleoclimatology, hydrology, and geothermometry. By analyzing isotope ratios in natural materials, scientists can reconstruct past climates, trace water movement, and estimate formation temperatures of minerals and fluids.