Labels are a really convenient why of saving audio snippets for team members to listen to later.
To create a label, highlight the snippet of text you are interested in and the playback or label modal will pop up.
Select Label and click on the label you are interested in to assign the snippet to that label. The selected label will turn green when you hover over it.
If no labels exist, you'll need to create a label by selecting "Add New Label". Give the label a name then select "add".