Multiprotocol Label Switching (MPLS) is a network technique that utilizes labels for efficient packet forwarding, allowing routers to make forwarding decisions without needing to analyze the entire network-layer header. It facilitates various services such as VPNs, traffic engineering, and Quality of Service (QoS) by enabling low-latency paths for real-time traffic and supports multiple protocols across different access technologies. MPLS operates in a layered framework, often referred to as layer 2.5, combining elements of both layer 2 and layer 3 networking to build advanced service-oriented networks.