This converter re-encodes an image into a different container: JPEG for maximum compatibility, PNG for lossless pixels and transparency, WebP for the smallest files on the modern web. The before-and-after byte counts are shown so you can see whether the change was worth making.
It is useful when an upload form only accepts certain extensions, when a site needs lighter assets, when a logo has to sit on a background that JPEG cannot represent, or when a colleague sends a file in a format your software refuses to open.
Conversion runs on your own machine. The browser decodes the source, draws it into a canvas and re-encodes it with its built-in encoder — no server, no upload, no waiting in a queue.
One important caveat: every conversion re-encodes the pixels. Going to a lossy format costs a little quality, and going to a lossless one preserves whatever damage is already there without repairing it. Converting between lossy formats repeatedly is what visibly degrades an image.