Pennyman pretty much covered the issue. I am having transmission issues not brake issues.

When I was on the freeway, I was rolling pretty much in neutral after that weird sound occured. So I engaged the clutch, moved out of gear and back into gear, and attempted to accelerate and get myself out of the middle lane and move my way towards the shoulder because when the sound occured, I wasn't able to accelerate. It's as if the flywheel and clutch did not separate and I was just revving the engine.

once I was in the shoulder lane at a complete stop, I tried proceeding forward with no brake engaged but no acceleration occured. Again, in first gear, it was as if I was in neutral and just revving the engine.