Spotify's 'What's New' panel is the default landing page when you open the application. From here you can browse Top Lists (pictured here), music shared from your friends (filed under Feeds), and popular new releases.
Apart from Spotify's unique music streaming features, the software can also be used as a handy manager of your local music files. By right-clicking on any of your imported local music files you can directly edit the ID3 metadata for any track.
Spotify allows you create playlists of your favorite songs--even those from its streaming catalog. Premium account holders can enable their playlists to cache offline on their computer or mobile devices. Your Spotify friends can also subscribe to playlists you make.
Spotify's Preferences pane can be found under the File menu. Here you can link your Last.fm account, dictate what files from your local collection are imported, and alter settings for stream quality, automatic volume leveling, and others.