Pipenv is a tool that aims to abstract away the complexity of managing Python dependencies and environments. It combines pip and virtualenv, installing and managing packages from Pipfile and Pipfile.lock files to provide deterministic, encrypted builds. Pipenv provides convenience by handling dependencies and environments together, and resilience through managing requirements and transitive dependencies. While it has some drawbacks like speed and stability, Pipenv emphasizes security through package hashing and automatic vulnerability checking.