Instaparse is a Clojure library for building parsers from context-free grammars, enabling users to convert strings into parse trees based on defined grammars. It discusses the structure of context-free grammars, including non-terminals, terminals, productions, and the concept of running grammars forwards and backwards. The document emphasizes Instaparse's capabilities in processing and visualizing parse trees, making it effective for parsing programming languages, configuration files, and various data formats.