What is MeasurementReport in LTE?

It is the uplink LTE RRC message the UE sends when configured measurement conditions are satisfied.

What should I inspect first in MeasurementReport?

Start with measId, then read the serving and neighbor results against the earlier measurement configuration.

Does MeasurementReport mean handover will happen?

No. It provides radio information to the network, but handover is a later network decision.

Why is MeasurementReport important?

It is one of the main mobility-input messages in LTE, so missing, late, or unstable reports directly affect handover and radio-control behavior.