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xargs (short for "extended arguments" [1]) is a command on Unix and most Unix-like operating systems used to build and execute commands from standard input. It converts input from standard input into arguments to a command.Some commands such as grep and awk can take input either as command-line arguments or from the standard input. However, others such as cp and echo can only take input as arguments, which is why xargs is necessary.
dir /b /s /a-d D:\Folder | ppx2.exe -L 1 md5sum.exe "{}" > md5.txt
dir /b *.mpg | ppx2 -P 4 -L 1 ffmpeg.exe -i "{}" -quality:v 1 "{}.mp4"