Workflow are flowchart which are used for Business Requirement. You can say they are pre-planned programmatically process flow diagrams, SharePoint designer Workflow are designed to save time and efforts. If we want to send email or notification whenever an item or file has been created then that can be performed by workflow for example Leave Management System, in which user apply for a request, that request will send to the approver & Approver will get an email and can review the details and finally can approve or reject it, User will receive the email that his request is approved or rejected .Workflow are very useful in Business Scenario as example I want to submit a document that document first goes for review to the approver .
source http://www.c-sharpcorner.com/Blogs/overview-of-workflow
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