What is it?
The discrete-time Laplace transform: , a power series in . Difference equations (digital filters, discrete controllers) become rational functions of ; stability means poles inside the unit circle. It is the bridge from calculus to digital signal processing.
Formulas
Where it shows up in computing
Filter design and analysis (IIR/FIR, poles and zeros, frequency response on ) is done with the Z-transform.
Digital controllers running on microcontrollers are designed in the -domain.
Where is it used?
Computing topics reachable from here, through the chain of ideas that leads to them:
This page has the essentials. A fuller treatment (intuition, formal definition, worked example) is on the way.