JSFiddle - React, Tailwind, and code Playground

HTML

<select id="mySelect">
    <option data-placeholder="" value="-1">Select One</option>
    <option data-placeholder="Enter your name" value="0">Name</option>
    <option data-placeholder="Enter your ID"  value="1">ID</option>
</select>
<input id="myInput" type="text">

JavaScript

$('#mySelect').on('change', function() {
    var placeholder = $(this).find(':selected').data('placeholder');
    $('#myInput').attr('placeholder', placeholder);
});