I just found a good example in which \0 is very important and necessary.
Assume we want to remove the last unwanted , in the following code.
for (int i = 0; i < 5; i++)
{
foreach (var a in "Money")
Console.Write($"{a},");
}

If we only add Console.Write("\b\n"); as follows,
for (int i = 0; i < 5; i++)
{
foreach (var a in "Money")
Console.Write($"{a},");
Console.Write("\b\n");
}
The output will be still the same.
But if we add \0 as follows,
for (int i = 0; i < 5; i++)
{
foreach (var a in "Money")
Console.Write($"{a},");
Console.Write("\b\0\n");
}
The unwanted trailing , vanishes.
