structuredClone(value)
structuredClone(value, transferables)

// Create an object with a value and a circular reference to itself.
const original = { name: "MDN" };
original.itself = original;

// Clone it
const clone = structuredClone(original);

console.assert(clone !== original); // the objects are not the same (not same identity)
console.assert(clone.name === "MDN"); // they do have the same values
console.assert(clone.itself === clone); // and the circular reference is preserved

Note: A scenario where this might be useful is when asynchronously validating some data in a buffer before saving it. To avoid the buffer being modified before the data is saved, you can clone the buffer and validate that data. If you also transfer the data, any attempts to modify the original buffer will fail, preventing its accidental misuse.

const uInt8Array = new Uint8Array(1024 * 1024 * 16); // 16MB
for (let i = 0; i < uInt8Array.length; ++i) {
  uInt8Array[i] = i;
}

const transferred = structuredClone(uInt8Array, { transfer: [uInt8Array.buffer] });
console.log(uInt8Array.byteLength);  // 0

const transferred = structuredClone(
   { x: { y: { z: arrayBuffer1, w: arrayBuffer2 } } },
   { transfer: [arrayBuffer1] });