This is like asking about the practical applications of chess. They're probably mostly nth-order effects.
I've mentioned in other answers that Life can make a good teaching tool for various mathematical and computer-science topics, mostly because it's entertainingly eye-catching. When you get a design right it's very satisfying -- like one of those huge domino chains that you see on YouTube, except that (for some designs) it keeps on setting itself back up again as it's in the process of falling down.