CocoaPods is a dependency manager for Swift and Objective-C projects. It simplifies the integration of third-party libraries into Apple platform applications by automating the setup process. With a vast repository of open-source libraries, CocoaPods enables developers to add features like networking, animations, and database support effortlessly. It manages version control and compatibility, ensuring stable builds. By streamlining dependency management, CocoaPods boosts productivity and reduces development overhead.