The Envelope Follower is a plugin that analyzes an incoming audio signal and produces MIDI CC messages with values proportional to the magnitude of that signal.
Uses for electric guitar are, for example, signal dependent Wah-wah or signal dependent high cut-off filtering, which would produce almost violin like effects. Another valuable use is for ducking audio while speaking. Read this blog article to see examples.
Click on this chapter to learn more about this plugin.