LangChain is an LLM chaining framework that streamlines the development of end-to-end large language model applications. It offers a comprehensive library of components designed for seamless integration and rapid prototyping. Key benefits include its expansive library, modular design, ability to create context-aware applications, and numerous built-in integrations. LangChain's main components include chains, document loaders, text splitters, retrievers, embedding models, vector stores, indexes, memory, prompt templates, output parsers, agents, and models. The framework can be used to build various applications such as knowledge bases, FAQ systems, recommendation systems, and onboarding/training assistants.