If you have an electronic circuit, you can model each element with a differential equation. E.g. voltage across a capacitor is modelled as the integral of current, voltage across an inductor is dI/dt.
This is a useful fact for a simple circuit in a classroom, but the differential equations for any circuit with more than a few components soon become insanely complex.
With the Laplace transform you (more or less) replace an integral with 1/s and a differential with s, plus some constants derived from the component values.
Then you can simplify for s, and use the Inverse Laplace Transform to convert the final expression in s into an expression in t.
You have now solved an insanely complex differential equation with some basic algebra, and your final expression in t - with component constants, and some exponentials that appear after the inverse transform - accurately models how the circuit responds over time.
There's also a related fairly simple trick for converting the s-domain representation into a frequency/phase plot which tells you how the circuit operates in the frequency domain.
And another related fairly simple trick for converting the continuous s-domain into the z-domain for DSP calculations over a sampled time series.
Because the same theory also applies in other domains - spring/mass systems, and so on - you can use the same technique there too.