This option is available in a variety of windows, e.g., File Open and in general, Windows Folder Options from the Control Panel
Very handy to view a list of files by date created or modified rather than alphabetical. Shown below is a folder in the Details view and currently sorted by name. You could re-sort the list by clicking the column heading, e.g., Date Modified.
You can adjust the column width by hovering between the column to get this cursor then click and drag:
You can also add more columns by right clicking the column header. That opens a popup menu shown, where you can choose date created, Title and a lot more...