What is function of hold pin in 8085 microprocessor?

The HOLD pin on the 8085 is an external request for control of the bus. Upon receipt of HOLD, the 8085 will complete its current cycle and assert HLDA (HOLD Acknowledge), and then it will float the address, data, and control bus one half clock cycle later. The external hardware is then free to use the bus. When it is done, it releases HOLD, the 8085 releases HLDA, and the 8085 takes control of the bus and continues with the next cycle. HOLD is used by external DMA controllers, such as the 8257, to transfer data to and from memory on behalf of high speed peripherals, without requiring 8085 attention to that data transfer.