What does this method do?

With the JSON.parse() method, we can parse JSON string to a JavaScript value.

// Stringifying a number into valid JSON, then parsing the JSON string to a JavaScript value:
const jsonNumber = JSON.stringify(4); // '4'
JSON.parse(jsonNumber); // 4

// Stringifying an array value into valid JSON, then parsing the JSON string to a JavaScript value:
const jsonArray = JSON.stringify([1, 2, 3]); // '[1, 2, 3]'
JSON.parse(jsonArray); // [1, 2, 3]

// Stringifying an object  into valid JSON, then parsing the JSON string to a JavaScript value:
const jsonArray = JSON.stringify({ name: 'Lydia' }); // '{"name":"Lydia"}'
JSON.parse(jsonArray); // { name: 'Lydia' }