Dynamics 365 workflows can have wait conditions. For example, if you want to send a follow up email after a record has been created, you can write a workflow to do this.
To do this, in your workflow add a Wait Condition:

Select Process Timeout and the time period:

And enter the wait time:

The workflow will now wait before executing the next steps.

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Carl,
As usual, an amazing concise post.
Thank you.
Bob