ThreadLocal variables usage in Java

Question

Can someone explain how and when “ThreadLocal” variables are used?

Answer 1

public class Test
{
    // SimpleDateFormat is not thread-safe, so give one to each thread
    private static final ThreadLocal<SimpleDateFormat> formatter = new ThreadLocal<SimpleDateFormat>(){
        @Override
        protected SimpleDateFormat initialValue()
        {
            return new SimpleDateFormat("yyyyMMdd HHmm");
        }
    };

    public String formatIt(Date date)
    {
        return formatter.get().format(date);
    }
}