The video switcher is a plate that allows you to switch between three video signals. You plug the input from the cameras, the output for the video transmitter and one PWM channel into the board to select which of the images is sent to the video transmitter. The PWM control signal can be connected either directly from the RC receiver or from the flight controller.
Switching comes in handy especially on drones with a drop mechanism or on FPV aircraft, where you can place additional cameras towards the wings or tail of the aircraft.