This directory is only used in standalone builds. The WORKSPACE aliases this directory to @perfetto_cfg.
Bazel-based embedders are supposed to:
myproject/
  build/
    perfetto_overrides/
      perfetto_cfg.bzl
E.g in myproject/WORKSPACE
local_repository(
    name = "perfetto_cfg",
    path = "build/perfetto_overrides",
)