Tautomeric equilibrium refers to the dynamic balance between two or more structural isomers, known as tautomers, that can interconvert through the movement of a proton and a switch of bonds. This concept is particularly important in organic chemistry as it often influences the reactivity and properties of compounds, especially in keto-enol tautomerism where a keto form (carbonyl) and an enol form (alkene with an alcohol) exist in equilibrium. Understanding this equilibrium helps chemists predict how compounds will behave under different conditions.