Absolutely, thanks for asking!

Pure probability focuses on developing fundamental tools to work with random elements. It's applied in the sense that it usually draws upon techniques found in other traditionally pure mathematical areas, but is less applied than "applied probability", which is the development and analysis of probabilistic models, typically for real-world phenomena. It's a bit like statistics, but with more focus on the consequences of modelling assumptions rather than relying on data (although allowing for data fitting is becoming important, so I'm not sure how useful this distinction is anymore).

At the moment, using probabilistic techniques to investigate the operation of stochastic optimisers and other random elements in the training and deployment of neural networks is pretty popular, and that gets funding. But business as usual is typically looking at ecological models involving the interaction of many species, epidemiological models investigating the spread of disease, social network models, climate models, telecommunication and financial models, etc. Branching processes, Markov models, stochastic differential equations, point processes, random matrices, random graph networks; these are all the common objects used. Actually figuring out their behaviour can require all kinds of assorted techniques though, you get to pull from just about anything in mathematics to "get the job done".