It's also a quick and dirty tool for wiping out partition headers on a disk.
I first came to love it learning how to fix my bootloader and undo all sorts of horrible things I'd done to my system when I was a teenager exploring Linux well over a decade ago. I also worked in repair for a while and there it was indispensable for data recovery purposes along with its cousin ddrescue.
Now I just use it for my constant tinkering needs.