HPLC involves injecting a liquid sample into a column packed with tiny particles and separating the sample's components using liquid mobile phases. Components interact differently with the stationary phase and elute at different retention times, detected by an instrument. Key parameters include theoretical plates, retention time, volume, separation factor, and resolution. HPLC is used for chemical separations, purification, identification, and analysis in pharmaceuticals, environmental applications, forensics, and clinical settings. Advantages include speed, continuous monitoring, versatility; disadvantages include cost and complexity.