Alchemical studies refer to the ancient practice of alchemy, which aimed to transform base metals into noble metals like gold and discover the Philosopher's Stone, a substance believed to grant immortality. Alchemists combined elements of chemistry, philosophy, and mysticism, seeking to understand the nature of matter and the universe. These studies laid the groundwork for modern chemistry, as alchemists conducted experiments and documented their findings. While many of their goals were based on myth and superstition, their methods contributed to the scientific method and the development of laboratory techniques still used today.