DD-WRT isn't generally used for overclocking, per se, although I think it does have that feature on some routers.
It's a replacement firmware, that has a vast array of features, many that factory firmwares do not.
Among these, is wireless modes like client mode and client bridge mode, repeater mode, WDS, etc.
WDS requires two routers with the same chipset (Broadcom or Atheros), and it allows both routers to act as APs, but also to talk wirelessly to each other, to form a contiguous L2 network.
I use three routers in WDS mode myself.
Another mode is client mode. This makes the DD-WRT router act as if it were a wireless client NIC, to another main router. After configuring the DD-WRT router, you simply have to plug your computer (and other devices, up to the number of LAN ports the DD-WRT router has) into the ethernet LAN ports, and they connect to the main router, wirelessly.
Basically, running a DD-WRT router in client mode, makes it act like a wireless NIC, that you can connect to via ethernet.
I find doing this is more reliable and less trouble-prone than using a USB or PCI/PCI-E wireless NIC.
This is especially true for devices such as Blu-Ray players, that may have an ethernet port, but lack a USB port for a wifi dongle, or require a specific USB dongle that is expensive.