tsconfig-paths-webpack-plugin streamlines TypeScript project configuration with Webpack. It intelligently maps module paths defined in your tsconfig.json file directly into your Webpack build process. This eliminates the need for manual path alias setup within Webpack, ensuring consistent module resolution between your editor, TypeScript compiler, and Webpack. It simplifies configuration, reduces errors related to incorrect module paths, and improves the overall development experience for TypeScript-based Webpack projects.