Child flows can be triggered by more than one parent flow. This is a great way to avoid duplicating code. For the example where you have a child flow that sends an email, multiple parent flows can trigger the child flow and pass it the email’s recipient, title and content as parameters
Child flows are a great way to isolate errors when testing because each flow can be tested separately
Don’t be concerned about licensing implications of child flows. Calling a Child flow from a Parent flow counts as only 1 flow in the Per Flow Licensing Plan
I’ve already mentioned that child flows should always be created from within a solution. Instant flows created outside a solution cannot be added to it later. If you find you have mistakenly created a child flow outside a solution and need to add it, or want to duplicate a child flow from one solution to another, there is a workaround. You can temporarily change the trigger type of the child flow to a trigger type other than instant to add it, and then change the trigger back once it is in the solution
Microsoft: Create Child Flows