A logarithmic function is a mathematical function that represents the inverse operation of exponentiation. It can be expressed as $$y = ext{log}_b(x)$$, where $b$ is the base of the logarithm, and it answers the question: to what exponent must the base $b$ be raised to produce the number $x$? This function is crucial for solving exponential equations, understanding growth rates, and modeling phenomena in various fields such as science, finance, and engineering.