Definitely a forgotten program. Another one from that era (that actually survived until Win 10 I just learned) is the "Briefcase". It was basically a primitive file syncing tool for multiple devices.
The Briefcase was a godsend back when removable storage was used to move files between computers and there was no other way to keep things synced. It's a shame they removed it.
You could always just build such a system yourself quite trivially by getting an FTP account, mounting it locally with curlftpfs, and then using SVN or CVS on the mounted filesystem.
The briefcase was for situations where you'd have local copies of many smaller files, and wanted to keep the files up-to-date between multiple computers. Back in '95 it wasn't uncommon for multiple employees, pupils or family members to share a small number of computers. Many homes had none. Working straight against the floppy was too slow, but syncing everything with the briefcase once you were done would speed up the workflow.