Simulink is an environment for modeling and simulation that allows users to model complex systems using block diagrams. It is used for various applications like control system design, signal processing, communication systems, and more. Key benefits of Simulink include its user-friendly block diagram interface, flexibility to model different system types, and integration with MATLAB. A demo of modeling a clapping sensor system that turns a light on and off is presented to illustrate Simulink capabilities. The presentation also discusses how Simulink supports the model-based design process through executable specification, design simulation, automatic code generation, and continuous testing.