Here you can like, leave a comment on, repost and share posts. You may be a bit startled to see posts from users you don't follow, but that's how the current iteration of Threads works. The first, on the left is home, which is where your timeline lives.
To start, let's go through what each button in the navigation bar means. There are also your settings, but we'll get into that a little bit later. Everything you need you can find at the bottom in the navigation bar: home, search, new thread, activity and profile. The Threads user interface is pretty simple for now.
You can hit Join Threads to begin browsing through your timeline. The last page will give you a bit of info about Threads and its future, like how Threads and Instagram are intrinsically tied and how you'll soon be able to interact with other social media platforms, like Mastadon.