It injects some really interesting color into the Tanakh/Old Testament - I'm not sure anyone has definitively lined up the Bronze Age Collapse with Biblical events, but it sure seems to have happened somewhere between the Exodus and King David.
One can easily see the events leading to the Exodus being enabled by (or causing, depending on who you ask!) the weakening of Egypt, and the period in Joshua and Judges describes a power vacuum: no centralized king over the area, lots of back-and-forth struggles for control; as the Philistines, sometimes referred to by historians as an actual group of the Sea Peoples, often impose their will with instruments of iron.
You'd probably find https://www.youtube.com/watch?v=xy2Ic_j0SnA interesting.
For the rest of HN, while that video is from someone who takes the Bible seriously, you can also view it as an interesting examination of the historical time period, even if with a particular lens and slant. Who doesn't have a particular lens and slant anyhow?
I heard that the story of the Exodus and Moses was to unite the northern and southern kingdoms of Judea behind a single figure.
It's worth noting that historically, Israel and Judah are iron age settlements. This makes references to the authors of the tanakh "bronze age sheepherders" wildly inaccurate at best and mostly offensively reductionist.
The Exodus is an entirely fictional account though, it's not based on any real historical events. Even King David seems to be mostly mythical, though there is some vague evidence of a "House of David" being something some real kings claimed descent from.
Edit: I should say "almost entirely fictional". The main scholarly agreement is that it may record some stories of some small numbers (hundreds, at most some thousands - nowhere near the 600k in the Bible) real semitic slaves' escape from Egypt and migration to the area of Canaan, mixing with the local Canaanite population that were the precursors of the Jewish populations of later Israel and Judah.