A few times, the skipped link step revealed to me that the code change I had just made had no effect on the compiler output, usually because the compiler's optimizer was already doing the same thing.
Likewise, hash-based compilation made git operations much smoother, since things like rebasing or jumping back and forth between branches can update timestamps without affecting content.
I know it's possible to hack similar functionality into some other build systems by adding a layer of intermediate hash file targets everywhere. But I'm a bit surprised the idea hasn't seen broader adoption... Having build artifacts indexed by hash seems like it'd be a requirement for any system that eventually wants to support large, distributed builds.