Fortunately there are many presets included to load in and start with as well as a decent tutorial that I recommend highly. In less than an hour you will see and hear much of the basic operations and their adjustable parameters and you'll understand some of what this application is all about. Another reason to RTFM every time. Just do it - you can thank me later. I can't imagine using this live on stage where excessive latency would be a problem and using a sequencer puts everything on the same page so any latency problem becomes moot.
Sound creation begins with the module.
This is the most basic building block from which all sounds begin. There are modules for everything necessary including, but not limited to, oscillators, filters, samplers, LFO's, mixers, recorders, modifiers, delays, shapers, envelopes, and on and on. And every module type has a similar selection of options. With all these options comes a real learning curve but also the realization that this is a very powerful application capable of tens of thousands of sounds and variations thereof. If this doesn't get your creative juices flowing I don't know what will.