Cotangent is a trigonometric function defined as the ratio of the adjacent side to the opposite side in a right triangle, and is often represented as 'cot'. It is also expressed in terms of sine and cosine functions as $$\cot(x) = \frac{\cos(x)}{\sin(x)}$$. This function plays a vital role in trigonometry, particularly in analyzing angles and solving triangles, as well as in calculus when dealing with rates of change and derivatives of trigonometric functions.