One of the things I've wanted to be able to do for a long time in the Slate Material Editor is quickly find the material assigned to the selected object in my scene and have it be the focus in the SME view window. Of course you can use the eye dropper or scroll through the list of scene materials and drag it into the view, but come on, that's too hard. As it turns out there is a shortcut. Well, kind of. You have to assign a shortcut key, but the task is an option in the Customize Menu as found below:
The customize option is found under the "Medit Tools" category called: "Edit Selected Object's Material". Assign a custom hotkey and you're set. I think I chose Ctrl+Shift+S. Anyway, this option brings the material of the currently selected object up in the SME and centers the view around it.