Apache Ant is a Java-based build tool that uses XML configuration files to automate software build processes. It provides tasks to compile code, generate documentation, run tests, and package software. An Ant build file defines targets that specify the tasks to execute. Common targets include compiling Java code, generating Javadocs, cleaning the workspace, and packaging artifacts. The build file specifies properties for directories and files, dependencies between targets, and tasks like javac, javadoc, and delete. Running Ant executes the default target defined in the build file.