Converting M4A to MP3 gives you a file that plays on equipment and software that never learned Apple's format, such as older car stereos, basic MP3 players and some editing tools. Since most M4A files hold AAC, which is already lossy, the audio is compressed a second time, so quality can only hold steady or dip slightly, never rise.
Transfers use HTTPS, and files converted on the free tier are deleted within 24 hours, so the result is not a long-term archive. Quality depends on the source file, so open the MP3 file once before you share it.
FromM4ALossy
M4A (MPEG-4 Audio)
An audio-only MP4 container popularised by Apple. It usually holds AAC, a lossy codec that is more efficient than MP3, and occasionally ALAC, which is lossless. iPhone Voice Memos, iTunes and GarageBand exports all commonly use it.
ToMP3Lossy
MP3 (MPEG-1 Audio Layer III)
The oldest widely used lossy audio format, dating from the early 1990s. Its compression is less efficient than AAC, but virtually every car stereo, portable player, operating system and audio program made since can open it.