What is 0101 in binary?

Could you please clarify for me what exactly 0101 represents in the context of binary coding? I understand that binary is a numeral system that utilizes only two digits, 0 and 1, but I'm curious about how this specific sequence translates into a more familiar numerical or alphabetical form. Is there a straightforward way to interpret 0101 in binary, and if so, could you guide me through the process? Thank you for your assistance in demystifying this concept.