The Strapi Preview feature allows for direct previewing of frontend applications from within the Strapi admin panel. This makes content management more efficient and effective. The feature is a significant leap forward in content management capabilities, providing flexibility, customizability, and power. It can handle projects of varying complexities and works with any frontend framework that supports cookies and API endpoints. A multi-frontend preview setup allows rendering multiple types of previews simultaneously. Real-time updates can be achieved by implementing event listeners in the proxy component. The Strapi Preview Feature offers several key benefits, including scalability, customizability, and universal compatibility. The complete code for this tutorial can be found in a project repo or cloned from the LaunchPad repo.