Event Delegation

What performance optimization does this implement?
function debounceDelegate(element, eventType, selector, handler, delay) {
  let timeoutId;
  element.addEventListener(eventType, e => {
    const target = e.target.closest(selector);
    if (!target) return;
    
    clearTimeout(timeoutId);
    timeoutId = setTimeout(() => {
      handler.call(target, e);
    }, delay);
  });
}
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