The Hypervisor Platform is NOT necessary if you want to run only Hyper-V. The Hypervisor platform allows for the running of Virtual Machines on top of the Windows Hypervisor. As an example, if you want to run both Hyper-V and VMware Workstation Pro or VMWare Player together, then you need to install the Hypervisor platform.
Note how the tip for this option verifies this:
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The Windows Hypervisor is a so-called "Level 0" Hypervisor. This means that it does NOT run on top of Windows. Rather, Windows runs on top of it. So, when you enable Hyper-V, your primary installation of Windows is in fact running on Hyper-V regardless of whether you have created any other virtual machines. In that state, in order to run another Hypervisor, such as VMware or others, the Hypervisor platform must be enabled. A few years ago, it was not possible to run both Hyper-V and another Hypervisor at the same time as this this meant running your other Vypervisor on top of Hyper-V. The Hypervisor platform now makes this possible.