What are the uses of “using” in C#?

Question

User kokos answered the wonderful Hidden Features of C# question by mentioning the using keyword. Can you elaborate on that? What are the uses of

Answer 1

For me the name "using" is a little bit confusing, because is can be a directive to import a Namespace or a statement (like the one discussed here) for error handling.

A different name for error handling would've been nice, and maybe a somehow more obvious one.