What is Model events in Laravel, and what role does it play in a real application?

What is Model events in Laravel, and what role does it play in a real application? In Laravel, model events should be understood as part of a larger application architecture rather than as an isolated API call. Eloquent exposes lifecycle events that can run logic when models are created, updated, saved, deleted and other lifecycle stages. A strong understanding includes its purpose, the layer where it belongs, the data or request flow it affects, and the situations where another mechanism may be more appropriate. Practical context: Eloquent models represent application data and provide expressive methods for querying, persisting, relating and transforming database records. The specific focus here is model events: Eloquent exposes lifecycle events that can run logic when models are created, updated, saved, deleted and other lifecycle stages. This question is designed to test not only terminology, but also how the concept fits into Laravel's request, application, database, security, or deployment workflow.