By itself, the throw keyword simply re-raises the exception caught by the catch statement above. This is handy if you want to do some rudimentary exception handling (perhaps a compensating action like rolling back a transaction) and then rethrow the exception to the calling method.
This method has one significant advantage over catching the exception in a variable and throwing that instance: It preserves the original call stack. If you catch (Exception ex) and then throw ex, your call stack will only start at that throw statement and you lose the method/line of the original error.