What is the use of force:editRecord in lightning component?

Hi,

This event opens a page to edit the record specified by recordId.

To display the record edit page for an object, set the object name on the recordId attribute and fire the event. This example displays the record edit page for a contact that’s specified by recordId.

This example displays the record create panel for contacts.

editRecord : function(component, event, helper) {
var editRecordEvent = $A.get("e.force:editRecord");
editRecordEvent.setParams({
"recordId": component.get("v.contact.Id")
});
editRecordEvent.fire();
}