MongoDB Compass is a GUI tool designed to provide an intuitive and easy-to-use interface for managing data in MongoDB databases. The tool was introduced with MongoDB 3.2 and has since undergone several updates, including the addition of CRUD capabilities and new features such as visualization of indexes and query performance. The latest version, v1.3, introduces additional features like edit/insert/delete documents, map and geo-query features, visual explain plans, and comprehensive security. These features enable developers to better visualize and interact with their data, making it easier to build applications with MongoDB and improving overall productivity and time-to-market for modern app development.