Course Drafts allows instructors to prepare courses more thoroughly and save any changes in draft until they are ready for publication.
When creating a course with frontend editor, under the description section you can check the option Save as draft in order to save the course in a draft format.
Also, you can change the status of already published course.
Courses saved as draft won't be displayed in the search results on the website, and if the user tries entering the course page, it will notify the user that the page doesn't exist.
Please note if you enable Course Pre-Moderation option, when publishing the course it will have a Pending status, meaning the admin has to approve it. Only after approval, the course will be visible to students.
You can Cancel Request, that will mark the course as drafted automatically.
The course marked as drafted (instructor's page):