This review article is the first in a series that provides an overview of the biology, chemistry, biological effects, and applications of Lavandula × intermedia (lavandin, LI). Despite its prevalence in cultivation and on the essential oil market, lavandin has received limited attention from the scientific community. Remarkably more attention is paid to Lavandula angustifolia (LA), which is commonly regarded as the superior lavender and has been extensively researched. Our goal is to provide a comprehensive review of LI, as none currently exists, and assess whether its inferior status is merited. In the first part, we outline the biological and chemical characteristics of the plant and compare it to the parent species. The chemical composition of lavandin oil is similar to that of LA but contains more terpenes, giving camphor notes that are less valued in perfumery. Nevertheless, lavandin has some advantages, including a higher essential oil yield, resulting in reduced production cost, and therefore, it is a preferred lavender crop for cultivation.