Hubble's Constant is a key value in cosmology that measures the rate of expansion of the universe. It quantifies how fast galaxies are receding from us due to the expansion, with its value typically expressed in kilometers per second per megaparsec (km/s/Mpc). This means that for every megaparsec (about 3.26 million light-years) of distance from an observer, a galaxy appears to be moving away at a speed that increases proportionally to its distance, illustrating the concept of an expanding universe.