Those few mouse clicks have created a complete project. You can build it by typing Ctrl+B or clicking Project/Build All. At this point, the IDE calls the appropriate tools to operate on the source files in use, the TI compiler and linker in this case, and then constructs a configuration file that describes the application. Finally, it passes this configuration file to the Diamond configurer which constructs the application file. All of this is done quite automatically, but a commentary is displayed in the console area.
The IDE normally builds only those parts of the application that have been changed. You can force everything to be rebuilt by cleaning the project as described in Projects and archives.
Once the application has been built, you can run it by pressing Run at the top of the IDE window. The result is shown below.
Note that there may be a delay of several seconds if a bitstream needs to be sent to an FPGA; bitstreams can be very large and take a long time to load. If your application has to load more than one FPGA, the delay after starting to load can be quite long.