What can the funds be used for? What's its purpose?
I use the browser for this site and others, trying to stay away from the main ones, and have accumulated a few BAT (whatever that is). Apparently I don't pay much attention.
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Bat is a token that can be traded on the exchanges.
Not sure how you extract the bat from your browser.
The intended use case is that as you browse you collect bat and then you spend that bay one web sites that you like.
So as you are browsing look at the triangle icon next to the location url. Click it. This will tell you if this web site or you tuber has a verified bat wallet. If they do then you can give the bat to the content creator without it costing you gas or anything and then the creator will be able to exchange the bat for btc on an exchange.
You need a minimum of 15 BAT to withdraw from the browser if I remember correctly. But I think you may need to setup a account to do so.