The Parallels USB Data Cable typically refers to a USB-to-USB cable used to connect two computers or a computer to a virtual machine running on software like Parallels Desktop (a popular virtualization solution for macOS). The cable facilitates data transfer between two computers (e.g., from a Windows PC to a Mac, or between two virtualized systems). The Windows driver for this cable ensures that your Windows system can recognize and properly handle the USB connection for data transfer.
In some cases, the Parallels USB Data Cable might also be used to connect a physical machine to a virtual machine running in Parallels Desktop, allowing data exchange via USB between a physical and a virtual machine. This is useful in situations where a direct physical connection is necessary (e.g., transferring files from a device to a virtual machine).