Signals are converted from time or space domain to the frequency domain usually through the Fourier transform. The Fourier transform converts the signal information to a magnitude and phase component of each frequency. Often the Fourier transform is converted to the power spectrum, which is the magnitude of each frequency component squared.
The most common purpose for analysis of signals in the frequency domain is analysis of signal properties. The engineer can study the spectrum to determine which frequencies are present in the input signal and which are missing.
In addition to frequency information, phase information is often needed. This can be obtained from the Fourier transform. With some applications, how the phase varies with frequency can be a significant consideration.
Filtering, particularly in non-realtime work can also be achieved by converting to the frequency domain, applying the filter and then converting back to the time domain. This is a fast, O(n log n) operation, and can give essentially any filter shape including excellent approximations to brickwall filters.
There are some commonly used frequency domain transformations. For example, the cepstrum converts a signal to the frequency domain through Fourier transform, takes the logarithm, then applies another Fourier transform. This emphasizes the frequency components with smaller magnitude while retaining the order of magnitudes of frequency components.
Frequency domain analysis is also called spectrum- or spectral analysis