The citric acid cycle, also known as the Krebs cycle or tricarboxylic acid (TCA) cycle, is a series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins. This cycle plays a crucial role in metabolism as it not only produces energy-rich molecules like ATP but also generates electron carriers such as NADH and FADH2, which are vital for the subsequent stages of cellular respiration.