Neuron allows users to prepare data, build models, train models using transfer learning, and evaluate models. Key features include deploying Jupyter or Zeppelin notebooks for workspaces, loading pre-built models from S3 or Git, re-training models through transfer learning, and evaluating trained models using various metrics on the Neuron platform. The document provides steps for launching a workbench, performing data preparation and transformation, choosing algorithms for model building, training models on Neuron including through transfer learning, and evaluating trained models.