You configured Double-click = Open Microsoft PowerPoint, but you did NOT configure the button to control slides.
Opening PowerPoint is different from advancing slides.
In your screenshot I see:
“Pair pen” button is visible. That usually means the pen is NOT paired via Bluetooth — even if it writes.
Writing works without Bluetooth. The top button does NOT.
Settings → Bluetooth & Devices → Devices
Do you see:
Surface Slim Pen
If not:
Hold the top button for 5–7 seconds
The LED should blink
Add it as a Bluetooth device
Until this is done, the top button will do nothing.
Recommended setup for slide control:
Single-click → Nothing Double-click → Nothing Press and hold → Nothing
Then:
Turn ON
Allow apps to override the shortcut button behaviour
PowerPoint takes control automatically during Slide Show mode.
Open PowerPoint.
Start Slide Show (Press F5).
Now:
Single press of top button → Next slide
Press & hold → Previous slide