I will assume that you are using a directory layout similar to what Netbeans IDE creates by default.
dist
is the folder where your generated archives are stored (so it gets updated through clean and build).
build
folder contains compiled classes and resources, but not the compressed archives.
Maven, by default, places the content of both into a target
folder.
A deploy
folder is the place where you put your generated artifacts (either archives or directory trees with the same layout as archives, a.k.a. exploded archives) so that you Application Server can serve it.
In development environments it is not unusual to configure the server to scan the dist
folders for generated artifacts and redeploy them. So, in that sense, deploy and dist folders can be the same.
You can even have "in place" deployment scenarios. This works by compiling your classes direct to WEB-INF/classes
folder inside webapp
(with something like Maven war:inplace
goal). If you set your server to scan changes in this folder, you can edit resources such as jps in place and have it immediately reflected into your running application (a.k.a. exploded artifact hot deployment).
Of course that you can accomplish something similar by instructing your IDE to copy resources and compiled classes to a exploded archive structure and configuring your server to scan it. Netbeans tends to use build/web
for that purpose.
Also sometimes incremental redeployment is not possible and frequently full redeploys are not desirable (some applications may take several minutes to redeploy). That is why you can use separate folders / deploy your artifacts as jars / wars / ears, etc.
Compiling, packaging and deploying are very different phases / concepts of a Build lifecycle, which may or may not happen together.
I hope this is enough info to get you going.
Cheers,