Wireshark (previously called Ethereal) is an open source and cross-platform packet capture and network analysis application. It is probably the most popular tool of its kind and has many uses. You can install Wireshark without needing to restart or log out, which makes it great to debug a live problem that's hard to recreate. You can download Wireshark from https://www.wireshark.org/, and it runs on Windows, Mac, and Linux.
Wireshark isn't particularly useful for local development as it only captures traffic going over the network, not to localhost. The only thing you are likely to see if you run it against a local web application is VS reporting analytics of what you do in the IDE back to Microsoft.