The Objects Library provides an object-oriented way to manage GUI windows and objects in RingQt applications. It allows creating multiple window controllers and views from the same classes. The library handles connecting events to controller methods and provides easy access to parent/caller windows from child windows. Developers can use the library with the MVC pattern by creating controller and view classes for each window type. Key functions include Open_Window() to create windows, Last_Window() to access the last window, and Method() to link view events to controller methods. The library aims to simplify RingQt application development by handling window and object management.