Inspect components opens the component in the context of the surrounding system model. Parameters applied to the component are reflected in the view.
Select a component by clicking on it in the canvas OR in the list of components in the Details panel.
Right-click on it and choose Inspect component or Inpsect component in new tab from the pop-up menu.
When inspecting components inside a model, a hierarchical path is shown with clickable links at the top of the canvas view.