What is the function of the audio meter in Premiere Pro?

The audio meter in Premiere Pro serves the crucial function of visually displaying the audio levels of clips in real-time. This allows editors to monitor the audio output as they work, ensuring that sound levels are balanced and do not peak excessively, which could lead to distortion or clipping. By observing the audio meter, users can effectively adjust their audio levels during playback, which is essential for creating a polished final product where dialogue, music, and sound effects are well-mixed and clear.

The other options describe functions that are not performed by the audio meter. For example, recording audio directly from the timeline pertains to capturing new audio rather than visualizing existing levels. Converting video clips to audio format involves exporting or rendering processes rather than real-time monitoring. Editing audio clips directly on the timeline relates to the manipulation of audio tracks, whereas the audio meter specifically focuses on displaying level information rather than editing capabilities.