I can use the Salesforce Developer Console to perform query.
How do I actually update a value. When I attempt to do it, the message states:
The query has to start with 'Find' or 'Select'
Is this not possible in the Salesforce Developer Console.
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SOQL is always read-only, in the Developer Console or elsewhere.
You can execute Anonymous Apex from the Developer Console to change data by performing DML operations as you would in other Apex. Be aware that this is quite risky. Running a delete operation on Account without appropriate filters will wipe your production.
It's important to note that Anonymous Apex executes in user mode, which means that security settings are enforced in ways they are not in normal Apex.