Use Hash mode to generate a PBKDF2 hex value from a password and the selected parameters. Use Verify mode when you already have a stored PBKDF2 hex value: the tool derives the key again with the same salt, hash, iteration count, and key length, then reports whether the values match.
PBKDF2 cannot be decrypted. It is a one-way derivation function, so recovery works only by trying the candidate password with the original parameters and comparing the output. If any parameter changes - salt, hash function, iterations, or key length - the derived value changes too.
For real user accounts, do password hashing on your application server with a maintained library, rate limiting, monitoring, and a plan for parameter upgrades. This online PBKDF2 calculator is best for learning, debugging interoperability, documenting parameters, creating reproducible test vectors, and checking a hash during development.