The DATEADD function is a crucial tool for working with dates and times in SQL. It enables you to modify existing date and time values by adding or subtracting specific time intervals. This is essential for tasks like calculating due dates, determining the date of a past event, or tracking time-based data. For instance, you might want to find the date three months from now or the date one year ago. DATEADD provides a flexible way to perform these calculations. It's important to specify the interval (e.g., day, month, year) and the value to add or subtract. The function is widely supported across various SQL database systems, including MySQL, PostgreSQL, SQL Server, and Oracle.