Best way to implement thunder herd problem in React with Axios api call?

During exploring the “Thunder Herd Problem”, I thought to implement it with Axios call in react. So, I ask chatGPT to generate me the code. The code is:

import axios from 'axios';

const MyComponent = () => {
  const [data, setData] = useState(null);

  // Debounce function to delay API call
  const debounce = (func, delay) => {
    let timer;
    return function (...args) {
      clearTimeout(timer);
      timer = setTimeout(() => {
        func.apply(this, args);
      }, delay);
    };
  };

  // Function to handle API call
  const fetchData = async () => {
    try {
      const response = await axios.get('https://api.example.com/data');
      setData(response.data);
    } catch (error) {
      console.error('Error fetching data:', error);
    }
  };

  // Debounced version of the API call function
  const debouncedFetchData = debounce(fetchData, 500);

  // Function to handle button click
  const handleClick = () => {
    debouncedFetchData();
  };

  return (
    <div>
      <button onClick={handleClick}>Fetch Data</button>
      {data && <div>{/* Render the fetched data */}</div>}
    </div>
  );
};

export default MyComponent;

But according to me, it is a simple Debounce function which will delay for .5 sec. It is not handling the error or retrying issue. It is not even adding jitter. If I am correct then can you give an example ?