Final answer:
The time tag in HTML5 allows for the specification of time values and dates, enabling applications to utilize this information for various features.
Explanation:
The time tag in HTML5 is utilized to specify time values, Gregorian calendar dates, or a combination of both. This tag does not alter visual styling but aids applications in extracting this data for functionalities like setting up calendar events or reminders.
An example of its usage is: The next monthly meeting will be on August first.
Learn more about HTML5 time tag here:
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