The theoretical existence of magnetic monopoles within the framework of electroweak unification and quantum field theories presents one of the most intriguing puzzles in modern physics. This article explores the formation, theoretical implications, and potential experimental signatures of magnetic monopoles emerging from electroweak symmetry breaking. Through a detailed analysis of their theoretical foundation, including Dirac's quantization, monopole solutions in non-Abelian gauge theories, and their role in Grand Unified Theories (GUTs), we delve into the profound implications these entities have for the Standard Model and beyond. We further examine the challenges and prospects of detecting magnetic monopoles through particle accelerator experiments, cosmic ray observations, and their significance in the quest for a unified theory of quantum gravity. Our investigation not only highlights the current state of theoretical and experimental efforts but also underscores the pivotal role magnetic monopoles play in bridging the gap between quantum mechanics and cosmological phenomena, offering insights into the early universe's symmetry-breaking events and the fundamental forces that shape our universe.