Final answer:
The pituitary gland is located at the base of the brain and is considered the "master gland" of the endocrine system. It consists of two lobes, the anterior and posterior, each with different functions.
Step-by-step explanation:
The pituitary gland, also known as the "master gland", is located at the base of the brain. It is attached to the hypothalamus, which is a brain structure. The pituitary gland has two lobes, the anterior lobe and the posterior lobe. The anterior lobe produces hormones that control other endocrine glands, while the posterior lobe releases hormones produced by the hypothalamus.