The `DATEDIFF` function is a fundamental SQL function used to determine the difference between two dates. It's incredibly useful for various data analysis tasks, such as calculating the duration of a project, determining the age of a customer, or tracking the time elapsed between events. The function takes three arguments: the first date, the second date, and the time unit for the difference calculation. Crucially, the result is an integer representing the difference in the specified unit. For example, `DATEDIFF(day, '2023-10-26', '2023-11-15')` will return the number of days between October 26th and November 15th, 2023. Understanding the different time units is key to using `DATEDIFF` effectively. Units like 'year', 'quarter', 'month', 'day', 'week', 'hour', 'minute', and 'second' are commonly used. The specific unit you choose depends on the type of analysis you're performing. For instance, if you need to calculate the number of months between two dates, you'd use the 'month' unit. This function is highly versatile and can be used in various SQL dialects, including MySQL, PostgreSQL, SQL Server, and Oracle, with minor syntax variations.