Gibbs free energy is a thermodynamic potential that measures the maximum reversible work obtainable from a system at constant temperature and pressure. It helps predict the spontaneity of reactions; a negative Gibbs free energy change indicates a spontaneous process, while a positive change suggests non-spontaneity. This concept is crucial in understanding electrochemical cells, where the relationship between Gibbs free energy and cell potential determines whether an electrochemical reaction can occur spontaneously.