The `!=` (not equal to) or `<>` (not equal to) operator is a crucial part of SQL's comparison capabilities. It allows you to filter records in a table based on whether a specific column's value does not match a given value. This is essential for tasks like finding all customers who haven't placed an order yet, or identifying products that are not in stock. The `!=` and `<>` operators are functionally equivalent and interchangeable in most SQL dialects. Using these operators in a `WHERE` clause is a common practice to extract specific data subsets from a table. For instance, you might want to retrieve all employees whose salary is not equal to a certain amount. The operator's simplicity belies its importance in data retrieval and manipulation.