To build a COBOL solution or project you use MSBuild.
You cannot create COBOL solutions or projects using Enterprise Developer Build Tools for Windows, so before you can build a COBOL solution or project with Enterprise Developer Build Tools for Windows you must have created it with Enterprise Developer.
See To build a COBOL project for a brief overview of using MSBuild to build COBOL solutions and projects, or see the Visual Studio help for full details about using MSBuild.