GeoPandas is an open-source Python library that extends the capabilities of Pandas to handle geospatial data. It combines the power of Pandas for data analysis with Shapely for geometric computations. GeoPandas allows users to work with geospatial data in a DataFrame, handle spatial operations like intersections and distance measurements, and generate maps. Each GeoSeries in GeoPandas has a coordinate reference system attribute that specifies the projection of its geometries on Earth's surface.