“Chance” is similar to “opportunity,” or a moment to do something you often want to do, but usually can’t.

It’s a good chance to reflect on what you’ve learned.

You can use other adjectives in place of “good”: 

It’s a great chance to show off your skills.

You can also use "for (someone)":

You should go. It'll be a good chance for you to make connections, I’m sure.