With prettify-symbols-mode
it is possible to replace strings by a character, or a character composition, e.g.
;; \lambda → λ
(push '("\\lambda" . ?λ) prettify-symbols-alist)
Optionally, it allows combining multiple characters, which will be put on top of each other, e.g. in order to create an underline bold character,
(push '("\\mathbf x" . "xx_") prettify-symbols-alist)
But does Emacs also have a feature, that allows multi-character replacements, e.g. allowing a prettification
\section{Hello World} → ###{Hello World} ?