Why use SELECT FOR UPDATE?

SELECT ... FOR UPDATE will lock the record with a write (exclusive) lock until the transaction is completed (committed or rolled back).

To select a record and ensure that it's not modified until you update it, you can start a transaction, select the record using SELECT ... FOR UPDATE, do some quick processing, update the record, then commit (or roll back) the transaction.

If you use SELECT ... FOR UPDATE outside of a transaction (autocommit ON), then the lock will still be immediately released, so be sure to use a transaction to retain the lock.

For performance, do not keep transactions open for very long, so the update should be done immediately.