While starting out on Lang's Algebra I have encountered the term "exact" sequence of homomorphisms. And I understand its definition and all the demonstrated examples but I would like to know more on this, like what are the things we get to know out of an exact sequence and does it aid in any kind of constructions or whatsoever. Is it possible to generalize them and how does that look like ?.
For my background, I have only been introduced to Groups, Rings and Fields in my introductory algebra course but I would be delighted in seeing a bigger picture on these structures.