ChatGPT Saved Chats is a Chrome extension that allows users to easily save and organize their most important conversations on the ChatGPT platform. The main advantage of this tool is that it helps users avoid endlessly scrolling through chat histories to find specific dialogues, enhancing efficiency and convenience. The product background indicates that the developer created this feature due to frequently losing important conversations or struggling to locate them. ChatGPT Saved Chats is free and is categorized as a productivity and AI-related tool.