Radioimmunoassay (RIA) is a sensitive technique that uses radioactively labeled molecules and antibodies to detect trace amounts of substances. It works by measuring the competition between a radioactive antigen and a non-radioactive antigen for binding to a limited number of antibodies. RIA has applications in measuring hormones, vitamins, drugs, and markers of infection or cancer. It provides high specificity and sensitivity, allowing detection of picogram quantities. However, it requires special handling of radioactive materials and trained personnel.