Python is useful for analyzing geospatial datasets because it allows for batch processing of data and automation of workflows. Key Python libraries for geospatial analysis include GeoPandas for working with geospatial data, Fiona and Rasterio for importing/exporting vector and raster data, and Shapely for spatial analytics. Python can also be used for machine learning, plotting, network analysis, and processing big data using libraries like Scikit-Learn, Seaborn/Matplotlib, NetworkX, and Dask. Python scripts can interface with GIS software like ArcGIS using libraries like ArcPy.