Folders organize “sites” (and consequently “Bookmarks”) functionally to give end users better visibility :
Click on button “New Site” creates a new site inside selected folder.
Click on button “New Folder” creates a new folder inside selected folder.
Click on button “Rename” makes the Tree item editable so the folder’s name can be modified (to confirm the modifications press “Enter” key, to cancel them press “ESC”).
Click on button “Delete” deletes selected folder (and consequently everything inside is removed, which include sub-folders, sites and bookmarks!)