Fuzzy logic is a form of multivalued logic that deals with approximate reasoning rather than binary logic. It allows intermediate values between conventional evaluations like true/false, yes/no, or 0/1. Fuzzy logic variables can have membership values between 0 and 1 and are not constrained to two truth values. It has been applied to fields like control theory and artificial intelligence. Fuzzy logic uses IF-THEN rules to represent knowledge with linguistic terms rather than precise quantitative values and allows for gradual transitions between categories.