Principal cells are specialized epithelial cells found in the collecting ducts of the kidney, playing a crucial role in the regulation of water and sodium balance in the body. These cells are responsible for the reabsorption of sodium ions and the secretion of potassium ions, influenced by hormones such as aldosterone and antidiuretic hormone (ADH). Their function is vital for maintaining homeostasis, particularly in the urinary system, where they help regulate blood volume and pressure.