It allows you to edit and create directB2S backglasses for the B2S.Server using a "WYSIWYG" editor.
Documentation is available in the package as html-help but can also be read online here.
To build either B2S.Server or B2S.Designer, open the *.sln files in Visual Studio (any version from 2019 should work) and select build->Build Solution from the menu. Microsoft has prepared VM's that include Windows 11 and Visual Studio in one bundle. The licence for these is usually 3 months. This is an easy way to test if it works without having to install lots of different components.