Coloring for kids: play or powerful tool?

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Lately, I’ve been wondering how much educational value there is in something as simple as coloring. I know it keeps kids occupied, but I read a few articles that say it can actually support brain development, coordination, and even emotional regulation. I’m a bit skeptical — is it really that impactful? Are there any good ways to introduce coloring in a more meaningful and structured way for a preschooler?