Complex chemical systems present challenges to electronic structure theory, stemming from large system sizes, subtle interactions, coupled dynamical timescales, or electronically nonadiabatic effects. New methods are needed to perform reliable, rigorous, and affordable electronic structure calculations for simulating the properties and dynamics of such systems. This Account reviews projection-based quantum embedding for electronic structure. The method provides a simple, robust, and accurate approach for describing a small part of a chemical system at the level of a correlated wavefunction (WF) method while the remainder of the system is described at the level of density functional theory (DFT). We present the theoretical underpinnings of projection-based embedding, describe use of the method for combining wavefunction and density-functional theories, and discuss technical refinements that have improved the applicability and robustness of the method. Applications of projection-based WFin-DFT embedding are also reviewed, with particular focus on recent work on transition-metal catalysis, enzyme reactivity, and battery electrolyte decomposition. Looking forward, we anticipate continued refinement of the projectionbased embedding methodology, as well as increasingly widespread application in diverse areas of chemistry, biology, and materials science.