How can the array_combine function be utilized to simplify the process of extracting values from a multidimensional array in PHP?

When extracting values from a multidimensional array in PHP, the array_combine function can be utilized to simplify the process. This function creates an array by using one array for keys and another for its values. By using array_combine, we can easily extract values from a multidimensional array by combining the keys and values of the inner arrays into a single associative array.

// Example of using array_combine to extract values from a multidimensional array
$multiArray = [
    ['name' => 'John', 'age' => 25],
    ['name' => 'Jane', 'age' => 30]
];

$values = array_combine(array_column($multiArray, 'name'), array_column($multiArray, 'age'));

print_r($values);
```

Output:
```
Array
(
    [John] => 25
    [Jane] => 30
)