I think you are a bit confused on the purpose of custom data attributes. From the w3 spec
Custom data attributes are intended to store custom data private to the page or application, for which there are no more appropriate attributes or elements.
By itself an attribute of data-toggle=value is basically a key-value pair, in which the key is "data-toggle" and the value is "value".
In the context of Bootstrap, the custom data in the attribute is almost useless without the context that their JavaScript library includes for the data. If you look at the non-minified version of bootstrap.js then you can do a search for "data-toggle" and find how it is being used.
Here is an example of Bootstrap JavaScript code that I copied straight from the file regarding the use of "data-toggle".
Button Toggle
Button.prototype.toggle = function () {
var changed = true
var $parent = this.$element.closest('[data-toggle="buttons"]')
if ($parent.length) {
var $input = this.$element.find('input')
if ($input.prop('type') == 'radio') {
if ($input.prop('checked') && this.$element.hasClass('active')) changed = false
else $parent.find('.active').removeClass('active')
}
if (changed) $input.prop('checked', !this.$element.hasClass('active')).trigger('change')
} else {
this.$element.attr('aria-pressed', !this.$element.hasClass('active'))
}
if (changed) this.$element.toggleClass('active')
}
The context that the code provides shows that Bootstrap is using the data-toggle attribute as a custom query selector to process the particular element.
From what I see these are the data-toggle options:
collapse
dropdown
modal
tab
pill
button(s)
You may want to look at the Bootstrap JavaScript documentation to get more specifics of what each do, but basically the data-toggle attribute toggles the element to active or not.
The data-toggle attribute simple tell Bootstrap what exactly to do by giving it the name of the toggle action it is about to perform on a target element. If you specify collapse. It means bootstrap will collapse or uncollapse the element pointed by data-target of the action you clicked
Note: the target element must have the appropriate class for bootstrap to carry out the action