The Fourier transform is a mathematical tool that converts a function from the time domain to the frequency domain, allowing for analysis of its frequency components. When applied to a velocity-time function, it reveals the frequency characteristics of the motion, such as oscillations in simple harmonic motion (SHM). The discussion highlights the use of Dirac delta functions in the frequency domain representation, indicating specific frequencies present in the original function. Participants explore how the Fourier transform can yield insights into complex motions by analyzing sums of sine waves. Understanding these concepts requires familiarity with mathematical operations and their implications in physical contexts.