Node.js Runtime
Node.exe is the Windows runtime executable for Node.js, a cross-platform JavaScript environment that runs outside the browser. It enables server-side code, tooling, and desktop apps by executing JavaScript with the V8 engine and libuv event loop. It is legitimate software when obtained from nodejs.org.
node.exe launches a JavaScript file, resolves modules from node_modules, and executes code using the V8 engine and libuv's event loop. It supports asynchronous I/O, child processes, and tooling used by npm packages.
Reasons it's running: