A Graafian follicle is a mature ovarian follicle that is capable of ovulating an egg during the menstrual cycle. It represents the final stage of follicular development, characterized by a large antrum filled with fluid and the presence of a secondary oocyte, which is essential for reproduction. The Graafian follicle plays a key role in the ovarian cycle, as its rupture during ovulation releases the egg into the fallopian tube for potential fertilization.