It allows to listen to FM radio, decode most 433MHz devices (weather stations), car keys signals, and even NOAA weather satellites [2] with a DIY antenna [3].
[1] https://osmocom.org/projects/sdr/wiki/rtl-sdr
[2] http://www.rtl-sdr.com/rtl-sdr-tutorial-receiving-noaa-weath...
[3] http://tinhatranch.com/how-to-build-a-qfh-quadrifilar-helix-...