Partial view is a reusable view, which can be used as a child view in multiple other views.
It eliminates duplicate coding by reusing same partial view in multiple places.
You can use the partial view in the layout view, as well as other content views.
If a partial view will be shared with multiple views of different controller folder then create it in the Shared folder, otherwise you can create the partial view in the same folder where it is going to be used.