Chloramphenicol is a broad-spectrum antibiotic that inhibits bacterial protein synthesis by binding to the 50S ribosomal subunit. This compound was originally isolated from the bacterium Streptomyces venezuelae and is particularly effective against a variety of Gram-positive and Gram-negative bacteria, making it a valuable tool in treating infections. It works by preventing the formation of peptide bonds during translation, thereby blocking the growth and reproduction of bacteria.