Delete parts before / after specific characters

That is why we wrote

and

The function can be found in the Convert menu.

If you want to include the folder in your search for data, expand the
Format string: %title%\%album% - %dummy% (%year%, %artist%)

And to get your process right: it should be the other way round: you fill the tag fields first and then create filenames and folder names from it.
See also the documentation:

The converters and its various incarnations should be known to you since this thread: