Salesforce gives out of the box ability to schedule apex classes with some limited options to control frequency under setup => apex classes => "Schedule Apex" button. But this approach limits you to run apex classes only at the start of the hour.
If you have a need to run a scheduled apex class at a specific time, you can use custom CRON expressions gives a more flexible way to do that.
Note that nextRun can be any datetime value in this case.
Here we generate a cron expression from the datetime provided. If you want to read more about cron expressions
refer this blog.
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