When it comes to serializing and deserializing objects, there are many formats and tools available for different purposes and preferences. JSON (JavaScript Object Notation) is a lightweight, human-readable format that uses key-value pairs to represent objects, and is commonly used for web applications and APIs. XML (Extensible Markup Language) is a verbose, hierarchical format that uses tags and attributes to represent objects, which is often used for data exchange and configuration. YAML (YAML Ain't Markup Language) is a concise, expressive format that uses indentation and symbols to represent objects, and is typically used for configuration and data serialization. Binary is a compact, efficient format that uses bytes to represent objects, which is commonly employed for performance-critical applications and protocols. To serialize and deserialize objects, you need to use a tool that can handle the format and the language of your choice; some of the most common tools are json, simplejson, Gson, Jackson, Newtonsoft.Json for JSON; xml, lxml, DOM, SAX, JAXB, XStream for XML; yaml, PyYAML, SnakeYAML, YamlDotNet for YAML; pickle, marshal, protobuf, Thrift, Avro for Binary.