Dear [Hiring Manager's Name],
I hope this email finds you well. I want to extend my appreciation for considering my application for the [Position Title] role at [Company Name].
After careful consideration and deliberation, I have accepted another opportunity that aligns closely with my long-term career goals. Therefore, I regretfully withdraw my application from consideration.
I deeply respect [Company Name]'s values and commitment to excellence, and I hope our paths may cross again in the future.
Thank you for your time and understanding.
[Your Contact Information]