Netcat can be used to create relays that forward network connections between ports on the same or different systems. The document provides examples of using Netcat on Windows to create listener-to-client, listener-to-listener, and client-to-client relays by launching Netcat instances that accept connections on one port and connect to another port. Similar techniques using named pipes instead of batch files allow creating relays on Linux systems. The document also provides examples of using Netcat for tasks like file transfer, banner grabbing, and creating listening or reverse shells.