A wavefunction is a mathematical description of the quantum state of a particle or system, represented as a complex function that encodes information about the probability amplitude of finding a particle in various locations in space. This function plays a crucial role in quantum mechanics, as it allows for the determination of the likelihood of different outcomes when measuring properties like position and momentum. The wavefunction is fundamental to understanding phenomena such as quantum tunneling, where particles can pass through energy barriers that classical physics would deem insurmountable.