Red dwarfs are the coolest kind of star. As such, they potentially allow liquid water to exist on planets that are quite close to them. In the search for habitable worlds beyond the borders of our solar system, this is a big advantage: the distance between an exoplanet and its star is a crucial factor for its detection. The closer the two are, the higher the chance that astronomers can detect the planet from Earth.
source https://phys.org/news/2020-10-planets-orbiting-red-dwarf.html