Explain how TracePoint can be leveraged for advanced debugging, linting, and instrumentation.

TracePoint is a built-in API that allows developers to hook into runtime virtual machine events, such as method calls, line execution, or exception raising.

TracePoint provides a structured way to observe the execution of a Ruby program. By registering a tracer for specific events (like :call, :return, :raise, or :b_call), you can audit execution paths, profile application performance, or log debugging information dynamically. Because intercepting every line or method call adds noticeable execution overhead, TracePoint should be used primarily for development tooling, linting, or targeted debugging rather than general production logic.