Does context.Context have an equivalent or similar construct in other programming languages?

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I noticed that it is, for example, used in JWX like this:

// func (af *AutoRefresh) Fetch(ctx context.Context, url string) (Set, error)
set, err := jwk.Fetch(context.Background(), "")

When writing a library, when is it a good idea to use context.Context like the Fetch function above?