Angle-of-arrival gives a bearing to a tag — the direction it lies in from an anchor — and triangulating bearings from several anchors fixes its position. Bluetooth Channel Sounding, introduced in Core 6.0, supplies the other half: a true, secure measure of distance, to centimetre scale, read from the phase of the radio and the round-trip time rather than guessed from signal strength.
The two are complementary. Distance from Channel Sounding tightens a fix, can cut the number of anchors a bearing-only deployment needs, and adds secure proximity — distance bounding that resists the relay attacks signal-strength proximity is prey to. Where an application has to know not only where a tag is but that a device is genuinely close — a key, a phone, a credential — range and angle together answer it.