What case is better to use function or with arrow function?

<button id="b1">function</button>
<p>
<button id="b2">arrow function</button>

$("#b1").click(function () {
    $("li").each(function () {
        console.log(this);
    });
});

$("#b2").click(function () {
    $("li").each(() => console.log(this));
});

Because this do what they get. But for this example is matter what to use? then how decide what to use exactly? normal function or iwht arrow function? Like for a click event is need with arrow function or with a normal one?

$("button").click(() => {
     $("<h1>Hello World!</h1>").replaceAll("h2");
});
$("#button").click(function () {
     $("<h1>Hello World!</h1>").replaceAll("h2");
});     

Is do the same the click then from choice what? Is not clear for me :x:

Thanks!