What are the best practices for handling text file formats in PHP to ensure proper parsing and extraction of content?

When handling text file formats in PHP, it is important to follow best practices to ensure proper parsing and extraction of content. One way to achieve this is by using built-in PHP functions such as file_get_contents() or fopen() to read the file, and then using functions like explode(), preg_match(), or regular expressions to extract the desired content from the text file.

// Read the contents of the text file
$file_contents = file_get_contents('example.txt');

// Extract specific content using regular expressions
if (preg_match('/Pattern/', $file_contents, $matches)) {
    $extracted_content = $matches[0];
    echo $extracted_content;
} else {
    echo 'No match found';
}