"Extract files to the specified folder" command
This command is accessible both in file management and in archive management modes.
In the archive management mode, when WinRAR shows archive contents, first, you need to select archived files and folders, which are to be extracted. Then run "Extract files to the specified folder" command using either Commands menu, "Extract to" button on the toolbar or Alt+E keyboard shortcut. In the Extraction path and options dialog you may specify the destination folder for extracted files and, if necessary, set additional options. After closing this dialog, extraction is started.
In the file management mode it is possible to unpack several archives at once. In general the operation is similar to the described in the previous paragraph, but instead of selecting files inside of archive you need to select archives and folders, where WinRAR should search for archives. If any archives are found, the Extraction path and options dialog will be displayed. After closing this dialog contents of all found archives will be extracted.