mobileactivationd Process?

Hi,

I was looking at my activity monitor when I noticed a process called mobileactivationd. It appears to be running under the root user so I'm assuming it has significant privileges. A quick search yielded results about jailbreaking and bypassing security measures on phones. I literally factory reset my Mac yesterday, haven't installed anything even remotely suspicious, and have never done anything with jail breaking. All I'm looking for is some information on this process (there doesn't appear to be any readily available) and whether or not it's part of macOS. Any thoughts would be greatly appreciated!

File path: /usr/libexec/mobileactivationd

MacBook Pro 13" 2020

Monterey 12.6

M1 Chip