In what scenarios should the strftime() function be preferred over the date() function for time formatting in PHP, especially when dealing with timestamp discrepancies?

When dealing with timestamp discrepancies or when you need more control over the formatting of time, the `strftime()` function should be preferred over the `date()` function in PHP. `strftime()` allows you to format dates and times according to the locale settings, which can be useful when dealing with different time formats or languages. Additionally, `strftime()` provides more flexibility in formatting options compared to `date()`.

// Example of using strftime() to format time with locale settings
setlocale(LC_TIME, 'en_US.UTF-8');
echo strftime('%A, %B %d, %Y %H:%M:%S', time());