If you accidentally drop that $1000000 rare penny onto the ground, while digging for stuff in your pocket and it makes a clattering sound for about ¼ second after hitting the ground, but you can't see it anywhere in all the clutter on the ground, then where do you look?
Assuming it fell from about a meter on high, then its gravitational potential per unit mass was close to 10, in metric units. When it hit the ground, the potential energy was converted into kinetic energy, the square of its speed was 20, in metric units, and its speed was about 4½ meters per second.
Assuming that it didn't keep rolling quietly, after it stopped making that clattering sound, then it came to a stop in ¼ second. The sound was the energy of its motion getting lost to the air, so at no time did it ever move faster than the speed it had when it hit the ground. Therefore, you may search for the coin within a 1⅛ meter radius of the spot where you heard it hit the ground and (assuming it didn't quietly roll off) will find it in there, somewhere.
The greatest likelihood is that it will be at about ⅔ that distance (i.e. ¾ meter) or less from the point where you heard it hit the ground, since - roughly speaking - it will have lost its kinetic energy at a constant rate.
That's pretty useful, as an application. Therefore, the work-energy theorem is useful.