Quantum Field Theory (QFT) is a fundamental framework in theoretical physics that merges classical field theory, special relativity, and quantum mechanics. It is primarily designed to describe the dynamics of relativistic particles and their interactions through fields, emphasizing the principles of quantization and the handling of infinite degrees of freedom.

At the core of QFT is the concept that particles are excitations of underlying fields, which pervade the entire universe. For instance, an electron is seen not as an isolated entity but as a quantized excitation within the electron field.

Mathematically, QFT extends the principles of quantum mechanics to fields. In regular quantum mechanics, the state of a particle is described by a wave function \(\psi\), governed by the Schrödinger equation:
\[ i\hbar \frac{\partial \psi}{\partial t} = \hat{H} \psi, \]
where \(\hat{H}\) is the Hamiltonian operator. In QFT, fields replace wave functions, and they are quantized. The fields, say \(\phi(x)\), become operators that create and annihilate particles at different points in spacetime.

The central components of QFT include:

1. Lagrangian Density and Action: QFT starts with specifying a Lagrangian density \(\mathcal{L}(\phi, \partial_\mu \phi)\), which encapsulates the dynamics of the field \(\phi\) and its interactions. The action \(S\) is given by
   \[ S = \int d^4x \, \mathcal{L}, \]
   and the fields satisfy Euler-Lagrange equations derived from the principle of least action.

2. Canonical Quantization: Transitioning from classical fields to quantum fields, we enforce commutation relationships among field operators. For example, for a scalar field \(\phi\),
   \[ [\phi(x), \pi(y)] = i\hbar \delta^3(\mathbf{x} - \mathbf{y}), \]
   where \(\pi(y)\) is the conjugate momentum to the field \(\phi(x)\).

3. Feynman Diagrams and Perturbation Theory: QFT provides powerful methods to compute interaction probabilities via perturbation theory, where interactions are represented by Feynman diagrams. Each diagram corresponds to a term in the series expansion of a scattering amplitude, giving a visual and calculative tool to study processes like particle scattering.

4. Renormalization: QFT often involves infinite quantities that arise in calculations of interaction probabilities. Renormalization is a procedure to systematically remove these infinities, yielding finite predictions that match with experimental results.

5. Gauge Theories: Many fundamental interactions, such as electromagnetism, the strong force, and the weak force, are described by gauge theories within the QFT framework. These theories are based on symmetry principles where the Lagrangian remains invariant under local transformations of the fields. For example, Quantum Electrodynamics (QED), the QFT of the electromagnetic force, is a gauge theory based on the U(1) symmetry group.

QFT successfully combines the quantum principles with special relativity and has led to the development of the Standard Model of particle physics, which unifies the strong, weak, and electromagnetic forces under a single theoretical framework. The Standard Model has been remarkably successful in explaining a wide array of phenomena and predicting the existence of particles like the Higgs boson, which was experimentally confirmed in 2012.

In essence, Quantum Field Theory provides a cohesive and comprehensive language to describe the quantum behavior of particles and fields, profoundly impacting our understanding of the universe at the most fundamental levels.