What is the usage of Function.prototype.bind?

import React from 'react';

class MyComponent extends React.Component {
  constructor(props) {
    super(props);
    this.state = {
      value: '',
    };
    
    // Binds the "handleChange" method to the "MyComponent" component
    this.handleChange = this.handleChange.bind(this);
  }

  handleChange(e) {
    //do something amazing here
  }

  render() {
    return (
      <>
        <input type={this.props.type} value={this.state.value} onChange={this.handleChange} />
      </>
    );
  }
}