A device for generating pressure waves in a well or a wellbore. The device includes a housing containing an impact-generating mechanism for generating the pressure waves and a connector for connecting the housing to a conveyor for transporting the device to any desired location within the well or the wellbore. The device may be used for a number of downhole applications such as cleaning perforations, fracturing processes, vibration of a casing to prevent fluid flow in a cemented annulus, hydraulic jar operations for freeing stuck downhole objects, generating data to optimize pumping parameters and as an enhancement to percussion drilling techniques.