Act as a senior JavaScript developer with 5+ years of experience working with RESTful APIs. Provide a comprehensive guide on using Axios for HTTP requests in a [FRAMEWORK] application. Cover the following topics: 1) Setting up Axios in a [PROJECT_TYPE], 2) Making GET, POST, PUT, and DELETE requests with practical examples, 3) Handling errors and timeouts, 4) Implementing request/response interceptors for [SPECIFIC_USE_CASE]. Include code snippets for each concept and explain best practices for error handling and performance optimization. Tailor the examples for [TARGET_AUDIENCE] developers.