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In jQuery, the .attr() method is utilized to get and set the value of attributes for selected elements. To get an attribute's value, the method is called with the attribute's name as an argument. To set an attribute's value, the method is called with the attribute's name and the desired value as arguments. Additionally, jQuery provides other functions such as .val() for form element values, .text() for the text content of elements, and .html() for the HTML content. These functions, along with .attr(), are fundamental in manipulating DOM elements in jQuery.

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