MRI uses magnetism, radio waves, and computers to create images of areas inside the body. It involves four basic steps: (1) placing the patient in a magnetic field, (2) transmitting radio frequency pulses, (3) receiving signals from the patient, and (4) transforming the signals into images using computer processing. MRI provides superior soft tissue resolution compared to ultrasound and allows for multiplanar imaging. It is useful for evaluating various fetal and maternal conditions like brain abnormalities, tumors, placental issues, and complications in multiple pregnancies. While a valuable tool, MRI also has some limitations including high cost, inability to be used in early pregnancy or if metallic implants are present, and longer scan times than ultrasound.