What is the purpose of using time library in Python?

The purpose of using the time library in Python primarily revolves around adding time-based delays and providing clock capabilities. This library allows developers to pause the execution of their code for a specified duration, which can be particularly useful in scenarios such as testing, gaming, or any situation where timing is critical. Additionally, the time library provides functions to retrieve the current time or to work with time-related measurements, such as calculating the duration of an event.

When using the time library, the sleep() function can be employed to create pauses, while functions like time() can help retrieve the current time in seconds since the epoch. This flexibility supports various applications that require precise timing control, making it an essential tool for developers working with time-related functionality in their applications.