Solution
Note: In order to have access to build an executable, you need to either have
LabVIEW Professional or LabVIEW Application Builder Module licensed.
If you are selecting
Build Application (EXE) from VI... under the
Tools tab in Project Explorer, you must select the VI first as shown in the image below. Once you select the VI you are trying to build, the
Build Application (EXE) from VI.. should be selectable under the
Tools tab.
Additionally, you can access this selection by right-clicking
Build Specifications in the Project Explorer as shown below.