This chemical equation represents the reduction of nitrogen gas (N₂) to ammonia (NH₃) and hydrogen gas (H₂), showcasing the essential process of nitrogen fixation. In this reaction, nitrogen gas is combined with protons (H⁺) and electrons (e⁻) to produce ammonia, which is a crucial nutrient for many organisms, while also releasing hydrogen gas. Understanding this reaction is vital for comprehending how atmospheric nitrogen is converted into a usable form for living organisms.