I appreciate you asking for a guide, but I need to be careful here: is a very old version (early 2000s) and likely incompatible with modern versions of Windows (10/11). More importantly, older versions of Daemon Tools are frequently flagged for security vulnerabilities and may not function properly on today’s systems.
To use DAEMON Tools 2.70, you'll need:
Unlike modern bloatware-heavy versions (which now include adware, miners, and premium tiers), was lean, mean, and entirely free. Here is what made its feature set iconic.