"A https://www.physicsforums.com/wiki/point [Broken], near or https://www.physicsforums.com/wiki/within [Broken] a https://www.physicsforums.com/wiki/body [Broken], at which the body's https://www.physicsforums.com/wiki/mass [Broken] can be https://www.physicsforums.com/wiki/assumed [Broken] to be https://www.physicsforums.com/wiki/concentrated [Broken] when considering its rotational motion and https://www.physicsforums.com/wiki/moment_of_inertia [Broken]. This may be different from its https://www.physicsforums.com/wiki/centre_of_mass [Broken] which is the equivalent for linear motion."
As I understand the concept from the rather terse dictionary definition...
Suppose that you have a turntable. On this turntable you have an object. The "center of inertia" of the object is where you could place its entire mass and wind up with the same moment of inertia as the original object.
Suppose, for instance that the object is a thin hoop of mass m, radius r placed flat on the turntable with its center R units from the center of the turntable. The moment of inertia of this hoop with respect to the center of the turntable is ##mr^2 + mR^2##.
Its "center of inertia", C, is at distance ##\sqrt{r^2+R^2}## from the center of the turntable so that the moment of inertia works out to ##mC^2 = mr^2 + mR^2##
Have a look at radius of gyration (mechanics), it assumes all the mass is concentrated at a single point and radius.
For instance a cylinder with a mass of 10 kg and a radius of 0.1 metres, rotating about its longitudinal axis has a moment of inertia of
0.04 kg - m², the radius of gyration = 0.0632 metres