Help with planned for, timeline, and iteration planning
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One addition to point 2.:
A release can be very useful when you are using RTC not only for work item management but also for Build and source control management. When you run a build from RTC Build engine you will get a build result and within that build result you will find a "Create Release of this build". If you do that, it will create a Release in the project area and will connect it to the build result. After that this release will be available for selection of the list "Found in" in the work items. If you choose such a release link when editing a work item or for example submitting a bug it will be link directly to the corresponding build. That is valuable for the developers, as they now have direct access to the source code that was used in the built.
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I tried to describe some of the basics how things relate in https://jazz.net/library/article/589 it is more aimed at planning however.
Thanks, Aradhya, that clarifies it for me. I had noticed how similarly these interact to queries so your explanation makes a lot of sense.