What is BEP2 used for?

Could you please elaborate on the purpose of BEP2? I'm quite curious about its applications in the cryptocurrency realm. As I understand, BEP2 is associated with the Binance Chain, but I'm not entirely sure how it functions or what its primary uses are. Does it primarily facilitate transactions? Is it involved in specific types of financial operations? Or does it serve a more general purpose within the blockchain ecosystem? I'm eager to gain a deeper understanding of its role and significance in the crypto space.