What does the component panel allow you to do in Adobe Animate?

The component panel in Adobe Animate allows users to add pre-built packaged modules, which can include graphics and code. This functionality is particularly useful for developers and animators who want to integrate complex features without needing to build them from scratch. Components often encapsulate common functionality and can be reused across different projects. By dragging and dropping these components into the workspace, users can streamline their workflow and enhance interactivity within their animations.

The other choices do not accurately reflect the primary purpose of the component panel. For instance, text editing is typically managed directly in the text tool rather than through components. Organizing layers falls under the Layers panel, a different feature altogether that provides structure to your animation. Playback speed is controlled in the properties panel or through code, not through the component panel itself. Hence, the focus of the component panel on adding pre-built modules is what makes this answer correct.