What are the potential pitfalls of using preg_replace() to convert special characters?

Using preg_replace() to convert special characters can be risky as it may not handle all special characters properly, leading to unexpected results or security vulnerabilities. It's better to use specific functions like htmlspecialchars() or htmlentities() that are designed to handle special characters safely and effectively.

// Using htmlspecialchars() to convert special characters safely
$string = "This is a string with special characters like < and >";
$safeString = htmlspecialchars($string);
echo $safeString;