Handful list of parameters possible to use in CMD scripts:

%~I         - expands %I removing any surrounding quotes ("")
%~fI        - expands %I to a fully qualified path name
%~dI        - expands %I to a drive letter only
%~pI        - expands %I to a path only
%~nI        - expands %I to a file name only
%~xI        - expands %I to a file extension only
%~sI        - expanded path contains short names only
%~aI        - expands %I to file attributes of file
%~tI        - expands %I to date/time of file
%~zI        - expands %I to size of file
%~$PATH:I   - searches the directories listed in the PATH
environment variable and expands %I to the
fully qualified name of the first one found.
If the environment variable name is not
defined or the file is not found by the
search, then this modifier expands to the
empty string

%~1         - expands %1 removing any surrounding quotes (")
%~f1        - expands %1 to a fully qualified path name
%~d1        - expands %1 to a drive letter only
%~p1        - expands %1 to a path only
%~n1        - expands %1 to a file name only
%~x1        - expands %1 to a file extension only
%~s1        - expanded path contains short names only
%~a1        - expands %1 to file attributes
%~t1        - expands %1 to date/time of file
%~z1        - expands %1 to size of file
%~$PATH:1   - searches the directories listed in the PATH
environment variable and expands %1 to the fully
qualified name of the first one found.  If the
environment variable name is not defined or the
file is not found by the search, then this
modifier expands to the empty string

%~dp1       - expands %1 to a drive letter and path only
%~nx1       - expands %1 to a file name and extension only
%~dp$PATH:1 - searches the directories listed in the PATH
environment variable for %1 and expands to the
drive letter and path of the first one found.
%~ftza1     - expands %1 to a DIR like output line

Very useful for automated software installations for example.