Generally speaking, the present participle can be used as time, condition, reason, concession, result, method, accompanying adverbial, etc. Let me give you an example each:

1. Walking in the street, I saw him. When I was walking on the street, I saw him. (Time)

2. Working hard, you will succeed. (As long as) working hard, you will succeed. (Condition)

3. Being ill, she stayed at home. (Because) she was sick, she stayed at home. (Reason)

4. Having failed many times, he didn't lost heart. Having failed many times, he didn't lose heart. (Concession)

5. His friend died, getting him a lot of money. His friend died, (so) giving him a lot of money. (Result)

6. Please answer the question using another way. Please answer this question in another way. (Method)

7. Look at the people lying on the beach. Look at the people lying on the beach. (Accompanied)

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