A Multiplexer let's you run multiple terminals in one window, this is a new one. WindowsOS does not get as nice of tools as Linux generally.
A multiplexer's job is to do the whole multiple tabs/panes/windows thing independently of the terminal itself, but (a) the UX for eg. tmux is so much worse than that of a good terminal UI, and (b) you only need that if you plan on connecting remotely (see my other comment https://news.ycombinator.com/item?id=49108483).