The new Reference View feature in the Contentful web app enables users to visualize and manage their content model more efficiently, saving time by quickly identifying entry issues and jumping straight to where they need to go to make fixes. The feature provides a clear and nested list of all content used in an entry, showing its status and allowing for easy validation and publication. This allows users to publish complex nested content entries faster and with fewer errors, making it easier to create impactful digital products and experiences.