The usual mode of drawing with points is to draw with curved points
and use the Ctrl key to draw a line. This may be undesirable for some art. You
can use this button to switch the way that operates – pressing it will cause
drawing to default to a line, and the Ctrl key will cause points to be a curve.
Note that using the Shift key to make a line constrained to 15 degree angles
will work either way – you can constrain the line angle as long as you are not
making a curve.