Which Excel feature allows you to apply multiple formatting styles based on criteria?

The feature that allows you to apply multiple formatting styles based on specific criteria is Conditional Formatting. This powerful tool enables users to format cells in a worksheet based on particular conditions or rules set by the user. For instance, you can highlight cells that exceed a certain value, or change the font color of cells that meet particular criteria. This functionality enhances data analysis and visual representation in spreadsheets, making it easier to identify trends, patterns, or outliers in the data at a glance.

By using Conditional Formatting, users can dynamically adjust the appearance of cells in response to the data contained within them, thus effectively providing visual cues that help in interpreting the data more efficiently. This is particularly useful in scenarios where quick recognition of important data points is crucial.