This error will come while running the following command.
npm install -g react-native-cli
This happens because react-native-cli is deprecated and not compatible with recent versions of node js. Especially from Node 18 + it throws this error.
To fix this issue first Uninstall react-native-cli using the following command.
npm uninstall -g react-native-cli
use the official CLI as follows
npx @react-native-community/cli init MyApp
Now it will install all the required packages to run the App.