Conformal symmetry provides a systematic approximation to QCD in both its perturbative and nonperturbative domains. One can use the AdS/CFT correspondence between Anti-de Sitter space and conformal gauge theories to obtain an analytically tractable approximation to QCD in the regime where the QCD coupling is large and constant. For example, there is an exact correspondence between the fifth-dimensional coordinate of AdS space and a specific impact variable which measures the separation of the quark constituents within the hadron in ordinary space-time. This connection allows one to compute the analytic form of the frame-independent light-front wavefunctions of mesons and baryons, the fundamental entities which encode hadron properties and allow the computation of exclusive scattering amplitudes. One can also use conformal symmetry as a template for perturbative QCD predictions where the effects of the nonzero beta function can be systematically included in the scale of the QCD coupling. This leads to fixing of the renormalization scale and commensurate scale relations which relate observables without scale or scheme ambiguity. I also discuss a number of novel phenomenological features of QCD, including leading-twist single-spin asymmetries, diffractive deep inelastic scattering, hard diffractive hadronic reactions, the breakdown of the Lam-Tung relation in Drell-Yan reactions, nuclear shadowing, non-universal antishadowing, and the unexpected effects of direct higher-twist processes.