The batch file in question works fine without those carets, as I have just now discovered. There are other situations where you do need to escape parentheses so I have got in the habit of doing so. If a parenthesis doesn't need escaping, it does no harm to escape it, whereas a parenthesis that should be escaped, but isn't, causes an error.
In the code below, the regular expression passed to SED contains parentheses, and because the command invoking SED is inside the parentheses of a FOR command, they need escaping to stop cmd.exe borking.
@echo off
setlocal enabledelayedexpansion
for /f %%i in (qd.txt) do for /f %%j in ( ' echo %%i ^| sed -e
s/.*\x22\^(.*\^)\x22.*/\1/ ' ) do set yfn=%%j