Graceful termination is crucial in building robust applications, especially when handling concurrent processing. In Go, this can be achieved through effective use of done channels and signal handling to ensure that ongoing tasks, such as event processing, complete even when an interrupt signal is received. By implementing cancellation strategies like selectively waiting for an event to finish processing, developers can avoid leaving their systems in a partial state, conserving resources, and maintaining data integrity. Alternative approaches, such as using `time.After` or `time.Ticker`, ensure that periodic tasks behave predictably without delays caused by processing time. Adapting these strategies according to the specific needs of an application can enhance performance, while the `context.Context` type in Go offers a structured way to manage cancellation across multiple goroutines, ultimately providing a more efficient and organized approach to concurrency.