Like eoinmurray92 said, entanglement can be useful for cryptography.
It can also be useful for quantum computing, where you need to find clever algorithms where the wrong answers "cancel out."
Being able to send data across the Pacific at essentially the speed of light, which was uninterceptable, would still be a massive breakthrough. Work on "weak" measurements of superpostioned systems interests me to that end (http://en.wikipedia.org/wiki/Weak_measurement)
I don't know much about that weak measurement stuff, only in really theoretical situations thus far. But it seems a nice way to probe entanglement.
Toshiba @ Cambridge have recently shown QKD over broadband networks over 90km using single photon sources.
Before that the distance record was held by Tyndall in Ireland.