What are Moments and when are they used / needed?

I noticed Moment - a date localization formatting framework included was added to Wappler in 1.3.1 but I can’t dig up any info on it or how to use it. I looked at the DMXZone docs too. I inserted one on my page and did not see anything happen. Likely a dumb question but what does it do and how / why would you use it?