Yes it does. It's in the program installation folder, and is called 'NWN2ToolsetLauncher.exe'.
I located the file but it was named "NW2ToolsetLauncher.exe.manifest" when I tried to run its say the program is not compatible with my system which is Windows 7 64 bit. That the only launcer in the folder. Should I download the whole file again?
You clicked on the wrong file. There are two files containing 'NWN2ToolsetLauncher', the .exe as I stated, and the .manifest, which is just an .xml file. You need to click on the .exe. The executable is the one with the anvil icon.