This can be very confusing for a student. There are two completely different and unrelated meanings to the term "centrifugal force".
1) The less common meaning of "centrifugal force" is the Newton's 3rd law reaction force to the centripetal force. So for example, if you are spinning a bucket on the end of a string then the force that the string exerts on the bucket points inward and is called the centripetal force, by Newton's 3rd law the bucket exerts an equal force on the string which points outward and is called the centrifugal force.
2) The more common meaning of "centrifugal force" is a fictitious force that is present in the non-inertial rotating reference frame and, in that non-inertial frame, acts to pull objects outward. This force only exists in the rotating reference frame and not in other reference frames. It is not a real force because it does not obey Newton's 3rd law. However, in the rotating reference frame it can do work, cause, stress, accelerate objects, balance other forces, and basically do anything else that you would expect a force to do.
Hope that wasn't too confusing.