Step 1: PCR stands for Polymerase Chain Reaction. It is a technique used to make multiple copies of a specific DNA sequence in vitro.
Step 2: It involves three main steps: Denaturation, Annealing, and Extension, using a thermostable DNA polymerase called Taq polymerase.
Step 3: Importance: It is crucial for early diagnosis of diseases (like AIDS or cancer), DNA fingerprinting, and gene cloning when only a very small amount of DNA is available.