The shutter speed setting allows you to control how long the shutter stays open for, allowing light to pass through the aperture and reach the image sensor. Shutter Speed is measured in seconds and fractions of seconds like 1s, 1/2s, 1/4s, 1/250s, 1/ 500s, etc.
How does it help?
A high shutter speed allows you to click moving subjects, freezing a moment of action in the photographs. For example, a photo of kids dancing in the rain or a photograph of moving trains.