TL;DR: $\frac{V}{m}$ and $\text{dB}(\mu V/m)$ are units for the field strength of an electric field. For a practical application skip to the end!
Derivation of the field strength
A point charge $q_1$ generates a field strength* of $E = \frac{1}{4\pi\varepsilon_0}{q_1\over r^2}$ at a distance of $r$.
This is derived from Coulomb's law that is $F=\frac{1}{4\pi\varepsilon_0}{q_1q_2\over r^2}$ giving the force acting on two charges $q_1$ and $q_2$ at a distance of $r$. It can be rewritten as
$F=q_2 \cdot \frac{1}{4\pi\varepsilon_0}{q_1\over r^2}=q_2\cdot E$ or the other way around $E = \frac{F}{q_2}$
So from the field strength $E$ we can calculate the force on a test charge of $q_2$ by multiplication.
Now for the units. If we have a test charge of $q_2 = 1\,C$ that experiences a force of $F = 1\,N$, we get a field strength of $E = \frac{F}{q_2} = \frac{1\,N}{1\,C} = 1\,\frac{N}{A\cdot s} = 1\,\frac{N\cdot m}{A\cdot s\cdot m} = 1 \frac{V}{m}$.
* I use the scalar form and assume all amounts have the same sign and direction for simplicity.
Decibel
But your actual question was about $\text{dB}(\mu V/m)$, but that is just a numerical transformation to get values that are easier to calculate with in real world applications, because the values are usually very small. $0\,\text{dB}(\mu V/m)$ corresponds to $1 \frac{\mu V}{m}$ and that is also $10^{-6} \frac{V}{m}$.
So this is a usual decibel conversion. For example to get the field strength in $\frac{V}{m}$ for $45\,\text{dB}(\mu V/m)$ we calculate
$E = 10^{-6} \frac{V}{m} \cdot 10^\frac{45}{20} = 178 \cdot 10^{-6} \frac{V}{m}$
The 20, because $E$ is a field quantitiy and not a power quantity.
From field strength to reception power
Now we know what $\text{dB}(\mu V/m)$ is. Its main advantage is that it specifies the properties of the electic field without the need to take the reception antenna or the receiver into account!
Unfortunately, it does not help a lot for radio transmission, because we usually do not receive with force meters attached to probe charges, but antennas and receivers ;-)
This transformation to get the reception power is not straightforward, because it highly depends on the antenna and other parameters, but I can give an approximative calculation. For this we need the wave impedance in free space $Z_0 = \sqrt{\frac{\mu_0} {\varepsilon_0}}$. With this we get the surface power density in the far field of $S = \frac{E^2}{Z_0}$.
And with the antenna aperture or effective area $A_w$ that is for example $\frac{\lambda^2}{4\pi}$ for an isotropic radiator or $0.1305\, \lambda^2$ for a half wave dipole, where $\lambda$ is the wave length, we can then calculate the reception power
$P = S \cdot A_w = \frac{E^2}{Z_0} \cdot A_w$.
Complete example
Lets say we want to estimate the reception quality of the DB0ZU repeater on the Zugspitze at Ohlstadt in a distance of $30\,\text{km}$ with a nice unobstructed view to the Zugspitze (except for the cow). We assume a radiation power of $1\,W$ and a frequency of $145\,\text{MHz}$ ($\lambda = 2.07\,\text{m}$).
According to CRC-COVWEB we get $45\,\text{dB}(\mu V/m)$ in Ohlstadt. Look above for the calculation to get $178 \cdot 10^{-6} \frac{V}{m}$ from this. We can then calculate a surface power density of
$S = \frac{E^2}{Z_0} = \frac{\left(178 \cdot 10^{-6} \frac{V}{m}\right)^2}{377\,\Omega}$ $= 84\,\frac{pW}{m^2}$
Assuming we receive with a half wave dipole without further losses, we get a reception power of
$P = S \cdot A_w = 84 \frac{pW}{m^2} \cdot 0.1305\, \lambda^2 = 84 \frac{pW}{m^2} \cdot 0.1305\, (2.07\,\text{m})^2 $ $= 4.6 \cdot 10^{-11} W$ $=
-73\,\text{dBm}$. That is a nice S9+20 dB signal.
For an isotropic radiator we have to replace the 0.1305 with $\frac{1}{4\pi}$ and get $-75\,\text{dBm}$. This result is in line with the calculator found here.
Shortcut calculation
All the calculations above can be combined resulting in a single formula.
$P_r \,(\text{dBm}) = E \,(\text{dB}\mu V/m) - 20 \cdot \log_{10}\,\, f \,(\text{MHz}) - 77.2$
So for our example:
$P_r = 45 - 20 \cdot \log_{10}(145) - 77.2 = -75\,\text{dBm}$.
This approach is taken from Christopher Haslett, "Essentials of Radio Wave Propagation", Cambridge University Press, 2008. Chapter 2 also provides some more explanation.
Comparison with free space path loss
Instead of using the CRC-COVWEB tool, we can also estimate this reception power of an isotropic radiator by using the free space path loss model.
$\mbox{FSPL(dB)} = 20\log_{10}(d) + 20\log_{10}(f) + 20\log_{10}\left(\frac{4\pi}{c}\right)$
Since there are no obstacles between the Zugspitze and Ohlstadt the result should be quite similar. And in fact,
$\mbox{FSPL(dB)} = 20\log_{10}(30\,\text{km}) + 20\log_{10}(145\,\text{MHz}) + 20\log_{10}\left(\frac{4\pi}{c}\right) = 105\,\text{dB}$
$1 W = 30\,\text{dBm}$, so the reception power is $-75\,\text{dBm}$.