Hit cmd+shift+p on mac machine, and search for "Configure User Snippets" then create a file and paste below json code.
provide prefix, Body, and description. 
Reference: https://code.visualstudio.com/docs/editor/userdefinedsnippets
{
    "forLoop": {
        "prefix": "forLoop",
        "body": [
            "for (const ${2:element} of ${1:array}) {",
            "\t$0",
            "}"
        ],
        "description": "For Loop"
    },
    "reactClass": {
        "prefix": "reactClass",
        "body": [
            "import React from 'react';",
            "class ${1:ComponentName} extends React.Component {",
            "\t$0constructor(props) {",
            "\t$0\t$0super(props)",
            "",
            "render() {",
            "return (<div> ${2:Component} </div>)",
            "}",
            "export default ${3:ComponentName}"
        ],
        "description": "For React Component class"
    },
    "function": {
    "scope": "javascript,typescript",
    "prefix": "function",
    "body": [
        "import React from 'react';",
        "import withStyles from '@material-ui/core/styles/withStyles';",
        "import { makeStyles } from '@material-ui/core/styles';",
        "",
        "import Styles from  './style.js';",
        "",
        "const useStyles = makeStyles(Styles);",
        "",
        "function $1(props){",
        "const classes = useStyles();",
        "\treturn (",
        "\t\t<React.Fragment>",
        "\t\t\t<div className={classes.root}>",
        "\t\t\t\t$1",
        "\t\t\t</div>",
        "\t\t</React.Fragment>",
        "\t)",
        "}",
        "export default withStyles(useStyles)($1);"
    ],
    "description": "react class"
  }
}