Purpose of 360 degree renders
360 degree renders of a view are fired in order to generate panoramic views from the point of view of the camera position. As opposed to a static render, 360 degree renders allow you the option of zooming in and out, rotating around your camera view point and even creating interactive walkthroughs, by stitching together 360 degree renders of multiple views.
How to fire 360 degree renders:
Please refer to the video below: