Coherence length refers to the spatial distance over which waves maintain a specific phase relationship among their frequency components, while coherence time measures how long this relationship lasts. Only coherent waves can produce an interference pattern, as incoherent waves lack defined maxima and minima. The coherence length is often linked to the maximum path difference in interferometers and is calculated using the coherence time and the speed of light. Discussions also highlight the importance of distinguishing between temporal and spatial coherence to avoid confusion. Understanding these concepts is crucial for applications in wave interference and optics.