A bug tracking system assists developers by providing a centralized platform for reporting, tracking, and managing software bugs. It enables developers to identify issues quickly and prioritize fixes based on severity and impact. This improves productivity and facilitates communication among team members, ensuring that everyone is aware of the current state of the software. Furthermore, it helps in maintaining version control and managing releases effectively. The documentation of bugs allows teams to analyze patterns over time, ultimately leading to higher quality software and a better end-user experience.