FtsZ proteins are essential cytoskeletal elements in prokaryotic cells that play a crucial role in cell division by forming a contractile ring at the future site of cytokinesis. These proteins are homologous to tubulin and assemble into filaments that help direct the process of septation, leading to the formation of two daughter cells during binary fission. FtsZ's ability to hydrolyze GTP provides the energy necessary for this dynamic assembly and disassembly, ensuring proper cell division.