What is the useRef hook used for in react code example

Example 1: useref react

import React, {useRef, useEffect} from "react";

export default function (props) {
  // Initialized a hook to hold the reference to the title div.
  const titleRef = useRef();
  
  useEffect(function () {
    setTimeout(() => {
      titleRef.current.textContent = "Updated Text"
    }, 2000); // Update the content of the element after 2seconds 
  }, []);
  
  return <div className="container">
    {/** The reference to the element happens here **/ }
    <div className="title" ref={titleRef}>Original title</div>
  </div>
}

Example 2: what does useref do react

const refContainer = useRef(initialValue);
//useRef returns a mutable ref object whose .current property is initialized to the passed argument (initialValue). 
//The returned object will persist for the full lifetime of the component.