Kotlin is a statically typed programming language that is 100% interoperable with Java. It aims to combine object-oriented and functional programming features and to be more concise than Java. Some key features of Kotlin include type inference, properties that replace getter/setter methods, higher-order functions, lambdas, and coroutines. Using Kotlin can increase developer productivity through less code, fewer errors, and clearer syntax. It also allows existing Java code to remain unchanged while new features are developed in Kotlin. Integrating Kotlin into a project requires adding dependencies and plugins, setting up tooling, and initially targeting a small component for parallel development in both languages.