Act as a senior React developer with 5+ years of experience building high-performance applications. Explain how to use the `useDeferredValue` hook in React to optimize rendering performance for [slow-loading data], [user input delays], or [complex UI updates]. Provide a step-by-step guide including: 1) the hook's purpose in [your specific use case], 2) code examples showing the hook implementation with [TypeScript/JavaScript], and 3) best practices for combining it with other hooks like `useMemo` or `useTransition`. Highlight common pitfalls when deferring values in [large-scale applications] and how to debug performance issues using React DevTools.