The `!=` (or `<>`) operator is a crucial component of SQL queries. It allows you to filter records based on conditions where values are not equal. This is essential for extracting specific data from a database. For instance, you might want to find all customers who haven't placed an order in the last month. Or, you might need to identify all products that are not currently in stock. The `!=` operator is used in the `WHERE` clause of a `SELECT` statement to specify the condition for filtering. It's a straightforward way to isolate data points that meet a specific non-equality criterion. This operator is very versatile and can be used in conjunction with other comparison operators and logical operators to create complex filtering conditions. For example, you could combine it with `AND` or `OR` to filter data based on multiple criteria.