Some manufacturers use the term rate or pre-act instead of derivative. Derivative, rate and pre-act are the same thing. PRE ACT Derivative action can compensate for a changing measurement. Thus derivative takes action to inhibit more rapid changes of the measurement than proportional action. Derivative is often used to avoid overshoot.
Derivative action can stabilize loops since it adds phase lead.
Generally, if you use derivative action, more controller gain and reset can be used. With a PID controller the amplitude ratio now has a dip near the center of the frequency response. At higher frequencies the filter on derivative action limits the derivative action. The controller phase now has a hump due to the derivative lead action and filtering. The time response is less oscillatory than with the PI controller.