This particular feature deals with scheduling a coupon’s span of validity. That means you can set both the starting and expiring dates (mentioning time) for a coupon to be available for the customers.
Schedule Days and Time
Specify dates and times from start to expire when the coupon can be applied.

Daily Active Hours
Specify daily active hours from start to expire when the coupon can be applied each day.

Inactive Days
Days in a week when coupons cannot be applied.

Example

Now, let’s check what is applying on the storefront based on the above screenshot.

Ok! I hope you have a full idea about schedule usage after watching the doc, you can watch our video tutorials which have more details with real-life use cases examples. Video Tutorials
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