It is used to specify attributes on the selected object. The Launcher Toolbar opens different palettes. This is the toolbar you will use most often. This is where you specify attributes for the object you are working with. An object is anything HTML element.
Text is an object, as is a graphic, a list, a table and a form.
Options on the toolbar change according to the active object. The figure above is the default if no object is selected. As you can see, most of the default options have to do with the presentation of text. When the 'More' arrow on the lower right corner is selected, the Toolbar doubles in size, with some advanced options. With no objects selected, there are no advanced options.