A trade off between collision potential vs. speed. Sometimes you need speed more than you need cryptographic levels of collision avoidance.

For example, finding unique files on the file system. After looking at size, first and last bytes, it would be better to filter quickly on an imperfect hash (with, say, a 1 in 1^56 chance of collision) than slowly on a perfect hash (with a 1 in 1^256 chance).