The HV5812WG isn't made any more, and it's designed for driving Vacuum Fluorescent Displays (VFDs) that are also rare, so you might want to consider whether you want to use it.
If you do use an HV5812WG, it contains circuitry that is easier to understand if 4 parts of it are looked at separately:-
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1) On the left is the 20 bit shift register. It has 2 input lines (DATA IN and CLK), and 20 output lines, one for each bit. There is also a DATA OUT line, but you can ignore that unless you are using more than one HV5812WG.
The shift register allows a microcontroller to separately control each of the 20 output lines from the 2 input lines. It's only there to save on number of connections. It allows control by storing the state of the DATA IN line each time the CLK line goes high. Bit 1 has the value, 0 or 1, that DATA IN had just one clock rise ago. Bit 2 has the value that DATA IN had 20 clock rises ago.
2) The 20-bit latch takes the data from bit 1 to bit 20 of the shift register, and either passes it on to the next stage, or leaves the data going to the next stage unchanged. It's function allows the display to remain the same while the data in the shift register is being set up. Usually, after that the STROBE wire is taken high by the microcontroller and the data in the 20 outputs of the shift register goes on to the next stage.
3) Blanking. There are 20 AND gates, all connected to BL (via an inverter). When BL goes high, the display is turned off. This allows the display to be turned on and off without loading the data, that takes a lot longer.
4) The triangles represent drivers that take the output of the AND gates that do the blanking, and use that to enable 20 drivers that a capable of switching the high voltages used by the VFDs