Neo4j Apoc is a bundled package of useful Neo4j components, released as the first version. It was created to address common issues in Neo4j projects, such as providing a centralized location for frequently used components and simplifying queries like finding nodes by property value. With Apoc, users have access to index-util, remote-neo, and a command-line browser, reducing the need to download individual components separately. The release aims to improve user experience and encourage feedback from the community.