How to resolve the ERROR: transport error 202: bind failed: Address already in use when attempting to start a Salesforce Function?

To resolve the error: transport error 202: bind failed: Address already in use when attempting to start a Salesforce Function - Salesforce Functions, by default, uses port 8080 to run locally. It is likely that port 8080 is being used by a different process already when attempting to start your function. To resolve this interference and forcefully kill the process currently using port 8080, open up cmd and execute:

  FOR /F "tokens=5 delims= " %P IN ('netstat -a -n -o ^| findstr :8080') DO TaskKill.exe /PID %P /T /F