What is the purpose of the Electronic Stability Control (ESC) system in the Audi A1?

I have heard about the ESC system in the Audi A1 but I am not sure what it does or how it works. Can someone explain its purpose in detail?

The Electronic Stability Control (ESC) system in the Audi A1 is designed to help you maintain control of your vehicle in certain driving situations. Essentially, it uses sensors and computer systems to monitor your steering, acceleration, and braking to detect and correct any potential loss of control. It works by selectively applying brakes to individual wheels and reducing engine power to keep your car stable and on its intended path.