Wordpress REST API with nodejs - application password creation issue in wordpress

Want to call Wordpress REST API from node Js , for that I need Authorization header to be passed in create post request, having username and password as credentials

Now doing R & D , came to know it requires application password to be passed as password authentication

I'm using wordpress version 6.0 and I want to create application passwords from wordpress Users-> profile tab.

Have installed plugin for my wordpress app and now showing me field for creating application password name creation(screenshot attached).but can not generate application password

May I know whether in local (localhost/foldername/wp-admin) , how I can create application password .. please just guide me to move further with simple steps