What role does the 'mb_convert_encoding' function play in handling character encoding in PHP?

The 'mb_convert_encoding' function in PHP is used to convert the character encoding of a string from one encoding to another. This function is useful when dealing with strings that are encoded in different formats, such as converting UTF-8 to ISO-8859-1 or vice versa. It helps ensure that the string is properly encoded and displayed correctly.

// Convert a string from UTF-8 to ISO-8859-1 encoding
$string = "Hello, world!";
$converted_string = mb_convert_encoding($string, 'ISO-8859-1', 'UTF-8');
echo $converted_string;