The Applications tab is part of VIPRE's Vulnerability and Patch Management feature. VIPRE's Patch Management engine allows VIPRE to support automatic updates to more products and improve the frequency of monitoring for recent software releases.
Applications, in this case, refer to a list of the currently installed software applications on devices in your site or organization that are not up-to-date. This list shows you not only the name of the application but the version currently installed, the most recent version available, and how many devices in your organization need the update, among other bits of helpful information.