Explain the role of module.xml in Magento extension development.

Explain the role of module.xml in Magento extension development.

Answer: In Magento extension development, `module.xml` defines the basic configuration of a module. It specifies the module’s name, its unique identifier, and its setup version. This file is essential for Magento to recognize and enable the module, manage dependencies, and handle any setup or upgrade processes. It is typically located in the `etc` directory of the module.

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