The street view tool will zoom to your location as long as you share it.
Otherwise it will take you to the location in your area that is provided by Google.
It will also display a Google map below the street view area so that you can see where the current street view image is located.
It also allows you to click on the map in order to find the street view location closest to where you clicked.
Below the map you will see a link that will allow you to share the street view you are looking at now or allows you to come back to it in the future.