JSFiddle - React, Tailwind, and code Playground

HTML

Text
<div id="blah">place holder</div>
Around

JavaScript

var str = "<div><b>parsed</b>[code]<b>not parsed</b>[/code]</div>";
var placeholder = "<div id='code-placeholder-1' style='background-color: gray'></div>";
var codepat = /\[code\](.*)\[\/code\]/;
var code = codepat.exec(str)[1];
var s = str.replace(codepat, placeholder);
s = $.parseHTML(s);
$(s).find("#code-placeholder-1").text(code);
$("#blah").html(s);