The light from a typical laser emerges in an extremely thin beam with very little divergence. Another way of saying this is that the beam is highly "collimated". An ordinary laboratory helium-neon laser can be swept around the room and the red spot on the back wall seems about the same size at that on a nearby wall.
The high degree of collimation arises from the fact that the cavity of the laser has very nearly parallel front and back mirrors which constrain the final laser beam to a path which is perpendicular to those mirrors. The back mirror is made almost perfectly reflecting while the front mirror is about 99% reflecting, letting out about 1% of the beam. This 1% is the output beam which you see. But the light has passed back and forth between the mirrors many times in order to gain intensity by the stimulated emission of more photons at the same wavelength. If the light is the slightest bit off axis, it will be lost from the beam.
So laser light is not only coherent but also highly collimated. Have a look at the lunar ranger experiment
The ongoing Lunar Laser Ranging Experiment measures the distance between Earth and the Moon using laser ranging. Lasers on Earth are aimed at retroreflectors planted on the Moon during the Apollo program (11, 14, and 15) and the Lunakhod 2 mission. The time for the reflected light to return is measured.
At the Moon's surface, the beam is about 6.5 kilometers wide and scientists liken the task of aiming the beam to using a rifle to hit a moving dime 3 kilometers away. The reflected light is too weak to be seen with the human eye: out of 10^17 photons aimed at the reflector, only one will be received back on Earth every few seconds, even under good conditions. They can be identified as originating from the laser because the laser is highly monochromatic.
The highly collimated laser beams have many more applications than just pointers.
Edit after comment:
A LED typically has milliwatt power, which is dispersed in 4pi with 1/r^2 fall off in intensity. A same power pointer laser has all the watts concentrated in the beam by initial production of photons.
One can get coherent light from an incoherent source by passing it through a slit, this would give the tiny 1/r^2 fraction of power to be collimated using the laser geometry. The laser in the collimation process does not lose intensity, but gains , because of the lasing action.
the light has passed back and forth between the mirrors many times in order to gain intensity by the stimulated emission of more photons
The LED has a one off contribution to the beamm, and the end point would have orders of magnitude less intensity at the dot than the concentrated intensity laser action delivers.