Hibernate is an object-relational mapping tool that allows Java objects to be mapped to database tables, which handles common data persistence tasks like data retrieval and storage without requiring manual SQL or result set handling. It aims to reduce 95% of common data persistence problems by providing object/relational mapping, query capabilities, database independence, and other features while keeping applications portable across databases. Some disadvantages are a steep learning curve and increased complexity compared to simple data storage applications that require only basic JDBC functionality.