A field's type decides what can be entered, how it's displayed, and — more importantly — what you can do with it afterwards in filters, routing rules and automations.
Text — a single line. For short identifiers: an order number, a licence key, an account reference.
Text area — several lines of plain text, for notes and descriptions.
Rich text — formatted text with headings, lists and links, for anything that needs structure.
Select — one option from a list you define.
Multiple select — several options at once.
Yes/No — a single switch, for something that's simply true or false.
Number — for anything you'd compare or add up: an amount, a quantity, a version.
Date — a calendar date, such as a deadline or a purchase date.
Time — a time of day, for appointments and windows.
Use number rather than text for anything numeric. "Greater than 500" only works on a number field; on text it compares character by character and gives you nonsense.
Email and Phone — validated as what they are, and rendered so they can be used directly rather than copied out.
Upload — a file attached to the ticket, for receipts, logs and screenshots that belong to a field rather than to the conversation.
Work backwards from what you'll do with it. If you want to filter, route or count on a field, it needs a type that supports comparison — select, number, date, yes/no. If it's only ever read by a person, text is fine.
Getting this right at the start saves the awkward migration later, when a text field holding "high", "High" and "very high" has to become the select it should always have been.