Context managers in Python are used to allocate and release resources like files, database connections, or locks efficiently.They are commonly used with the with statement to simplify resource management, ensuring proper handling of resources.Context managers use __enter__() and __exit__() methods to manage resources effectively, providing a cleaner and error-safe approach in Python.By automating resource cleanup and management, context managers help in writing more readable and efficient code, reducing the risk of resource leaks.