Enable and Disable Delayed Expansion, what does it do?

With delayed expansion you will able to access a command argument using FOR command tokens:

setlocal enableDelayedExpansion
set /a counter=0
for /l %%x in (1, 1, 9) do (
 set /a counter=!counter!+1
 call echo %%!counter! 
)
endlocal

Can be useful if you are going to parse the arguments with for loops

It helps when accessing variable through variable:

 @Echo Off
 Setlocal EnableDelayedExpansion
 Set _server=frodo
 Set _var=_server
 Set _result=!%_var%!
 Echo %_result%

And can be used when checking if a variable with special symbols is defined:

setlocal enableDelayedExpansion
set "dv==::"
if defined !dv! ( 
   echo has NOT admin permissions
) else (
   echo has admin permissions
)

Copied from How do you use SETLOCAL in a batch file? (as dbenham indicated in his first comment).

Suppose this code:

If "%getOption%" equ  "yes" (
   set /P option=Enter option: 
   echo Option read: %option%
)

Previous code will NOT work becase %option% value is replaced just one time when the IF command is parsed (before it is executed). You need to "delay" variable value expansion until SET /P command had modified variable value:

setlocal EnableDelayedExpansion
If "%getOption%" equ  "yes" (
   set /P option=Enter option: 
   echo Option read: !option!
)

Check this:

set var=Before
set var=After & echo Normal: %var%  Delayed: !var!

The output is: Normal: Before Delayed: After

enabledelayeexpansion instructs cmd to recognise the syntax !var! which accesses the current value of var. disabledelayedexpansion turns this facility off, so !var! becomes simply that as a literal string.

Within a block statement (a parenthesised series of statements), the entire block is parsed and then executed. Any %var% within the block will be replaced by that variable's value at the time the block is parsed - before the block is executed - the same thing applies to a FOR ... DO (block).

Using !var! in place of %var% accesses the changed value of var.