What disavow means
Disavowing a link does not delete it from the web. The link still sits on the source site, still shows up in the Search Console "Links" report and stays visible to every third-party tool. The only thing that changes is the signal the search engine receives: Google treats those URLs or domains as if they did not point at your site for ranking purposes.
Three things are regularly confused with it. It is not the nofollow attribute, which applies to links leaving your own pages. It is not a reconsideration request, which is the procedure for asking that a manual action be lifted. And it is not a general cleanup button: Google states that in most cases it can judge for itself which links to trust, so most sites will not need to use the tool.
The official documentation narrows its use to two conditions that must hold at the same time. First, a considerable number of spammy, artificial or low-quality links must point at the site. Second, those links must have caused a manual action, or be very likely to cause one. Outside that scenario, the help page itself warns that this is an advanced feature and that using it incorrectly can harm the site's performance in Google Search.