Boost.Python allows extending C++ code with Python by exposing C++ functions, classes, and objects to Python. It provides a simpler approach than other tools by using only C++. Boost.Python handles interfacing C++ and Python types and memory management. The document discusses exposing C++ code like functions, classes with inheritance and special methods, constants, and enums. It also covers passing objects between C++ and Python like lists and custom types. While Boost.Python enables seamless integration, there are still challenges around complex C++ features and performance. The document ends by demonstrating embedding Python in C++.