The `with` statement in Python is used to wrap the execution of a block with methods defined by a context manager. It is designed to simplify exception handling by encapsulating common preparation and cleanup tasks. The most common use of `with` is when working with file operations, as it ensures that resources are properly managed and released after their use.
with open('file.txt', 'r') as file:
data = file.read()
# No need to explicitly close the file, it is done automatically
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