It's useful to have when you have complex graph structures. Or when implementing language runtimes. I've written a bit about these types of use cases in https://manishearth.github.io/blog/2021/04/05/a-tour-of-safe...
And there's a huge benefit in being able to narrowly use a GC. GCs can be useful in gamedev, but it's a terrible tradeoff to need to use a GC'd language to get them, because then everything is GCd. library-level GC lets you GC the handful of things that need to be GCd, while the bulk of your program uses normal, efficient memory management.