Cameras meter well and choose settings badly. Auto mode will hand you f/8 at 1/125 and ISO 100 for a bright scene, which is technically correct and creatively useless if you wanted f/2.8 for a soft background or a two-second exposure to smooth a waterfall. The Exposure tool exists so you can take the camera's *measurement* and throw away its *decision*.
Every combination of aperture, shutter and ISO that produces the same brightness shares one number, the exposure value (EV). Lightpath computes it from the metered settings:
EV₁₀₀ = log₂(N² ÷ t) − log₂(ISO ÷ 100)
where N is the f-number and t the shutter time in seconds. Open the aperture one stop (say f/8 to f/5.6) and you must halve the shutter time to keep the same EV. Double the ISO and you halve it again. Add a 3-stop ND filter and the shutter gets eight times longer. The tool does this arithmetic and hands you a shutter speed on the standard scale.
Example: metered f/8 · 1/125 · ISO 100 (EV 13). You want f/2.8 for the background. Three stops wider means eight times shorter: 1/1000. Now add a 6-stop ND to blur a stream at f/8: 1/125 becomes about 1/2 second.
You can — this is the same maths — but the tool is faster than counting stops in your head under a fading sky, and it removes the mental arithmetic of ND filters, which are labelled inconsistently (ND8, ND 0.9 and "3-stop" are all the same filter). It also flags when the result is slower than you can hand-hold, which is the moment to reach for the tripod.
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