STEP-BY-STEP ANSWER:
Step 1: Recognize that the pituitary gland is often termed the 'master gland' due to its role in regulating other endocrine glands.
Step 2: It secretes various hormones that control growth, metabolism, and reproductive functions.
Step 3: The anterior pituitary releases hormones like growth hormone, thyroid-stimulating hormone, and adrenocorticotropic hormone which control corresponding target organs.
Step 4: The posterior pituitary stores and releases hormones such as oxytocin and vasopressin produced in the hypothalamus.
Final Answer: The pituitary gland coordinates the activities of the endocrine system by releasing hormones that regulate growth, metabolism, reproduction, and other vital processes.