Particle System - Set Actor/Material Parameter

I know how to use things like set float or vector parameter, but even though “set actor parameter” and “set material parameter” shows up in the context menu of a particle system, I don’t get what I can modify with these.

What modules would have these material or actor parameters?

With the material parameter, would it be possible to change the material (under required) of an emitter?

Things like beams in particles can have Targets that are actors. So you could change that.

Materials can have parameters like color that you might want to change.