Most results for this specific term refer to large-scale ISO or software collections (often between 32GB and 128GB) meant to be written to a USB HDD or high-capacity flash drive.
to allow users to simply "drop" ISO files onto the drive and boot them without reformatting. Comprehensive OS Library: multiboot hdd 2021 final
UEFI firmware mandates FAT32 for bootloaders. Your 8GB partition holds the boot manager; the NTFS partitions store the large ISO files (>4GB) like Windows 10 21H2. Most results for this specific term refer to
Multiboot HDD 2021 Final is for: