A half-life plot is a graphical representation used to illustrate the relationship between the concentration of a reactant and time in a reaction, specifically focusing on how long it takes for half of a given amount of that reactant to be consumed. This concept is crucial in determining reaction kinetics, as it allows for the evaluation of reaction order and rate constants by plotting concentration versus time. The slope and shape of the plot provide insights into whether the reaction follows first-order or second-order kinetics, influencing how we understand and predict reaction behavior over time.