The Resonance Ionization Laser Ion Source (RILIS) at the ISOLDE on-line isotope separator is based on the selective excitation of atomic transitions by tunable laser radiation. Ion beams of isotopes of 20 elements have been produced using the RILIS setup. Together with the mass separator and a particle detection system it represents a tool for high-sensitive laser spectroscopy of short-lived isotopes. By applying narrow-bandwidth lasers for the RILIS one can study isotope shifts (IS) and hyperfine structure (HFS) of atomic optical transitions. Such measurements are capable of providing data on nuclear charge radii, spins and magnetic moments of exotic nuclides far from stability. Although the Doppler broadening of the optical absorption lines limits the resolution of the technique, the accuracy of the HFS measurements examined in experiments with stable Tl isotopes approaches a value of 100 MHz. Due to the hyperfine splitting of atomic lines the RILIS gives an opportunity to separate nuclear isomers. Isomer selectivity of the RILIS has been used in studies of short-lived Ag, Cu and Pb isotopes