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A conditional statement, specifically the if statement in JavaScript, is used to test if a condition is true. If true, it runs specified code; if false, it does not. The syntax for an if statement includes the word if followed by the condition in parentheses. If the condition is true, JavaScript executes the code following it. Otherwise, the code is skipped. An example involves using the event target to reference the form field that triggered the event, testing its value.