STEP-BY-STEP ANSWER:
Step 1: Extract DNA from the specimen of interest.
Step 2: Amplify a standardized region of the DNA, often a gene segment known for species-level variation.
Step 3: Sequence the amplified DNA segment to obtain its genetic barcode.
Step 4: Compare the DNA barcode with reference databases containing barcodes of known species.
Step 5: Assign the specimen to its corresponding species based on the match found in the database.
Final Answer: DNA barcoding aids in species identification by comparing a standardized gene segment against known sequences, leading to accurate classification.