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The D24V5Fx family of buck (step-down) voltage regulators generates lower output voltages from input voltages as high as 36 V. They are switching regulators (also called switched-mode power supplies (SMPS) or DC-to-DC converters) and have a typical efficiency between 80% to 93%, which is much more efficient than linear voltage regulators, especially when the difference between the input and output voltage is large. These regulators have a power-save mode that activates at light loads and a low quiescent (no load) current draw, which make them well suited for low-power applications that are run from a battery.
The regulators feature short-circuit/over-current protection, and thermal shutdown helps prevent damage from overheating. The boards do not have reverse-voltage protection.
The SHDN pin can be driven low (under 0.3 V) to turn off the output and put the board into a low-power state that typically draws 20 μA, and it can be driven high (above 2.3 V) to enable the board. If you do not need to use the shutdown feature, the SHDN pin can be directly connected to VIN to permanently enable the board. You should not leave this pin disconnected as this can result in unpredictable behavior.