If you want your users to modify or manage the post submitted by current logged-in user, this page comes into action. Extra icons or options will be visible to the user if proper rights are matched with the current post.
Currently, user can edit, delete post only.

This page is automatically created and linked to Flexi setting. If it doesn’t exist you have to create a new page and add the content as 

.
You can keep any title of the page and can change anytime.

It is advisable to make this page accessible & visible only to logged-in users. For that you can use several free plugin which restricts this page from visitors.
Currently if non-logged -in users try to access to this page login please ! message is displayed along with login form.