It is simply not true that multi-valued logics collapse into two-valued logics.
While it is true that you can assign indeterminate statements {true,false} and call it a third value, logic is more than assignments of truth-values to statements, it is also rules of inference for that formal system. The rules of inference are the driving force behind paraconsistent logics and the rules of inference are very different.
One motivation is the explosivity of contradictions in a formal system. Consider a paradox of humility: I believe of each of my individual beliefs that it is true, I believe all of the logical consequences of my beliefs because I am rational, but I can't rule out the possibility that two of my beliefs (or their consequences) are contradictory.
Treating beliefs as statements, under classical logic, any contradictory beliefs would imply that you believe (or would assent to) anything and everything is true (and false). Here is how:
1. P & ~P (premise)
...
2. P (1 simplification)
3. ~P (1 simplification)
4. P or Anything (2, addition [i.e. the self-evident principal that if P is true, P or anything else is also true])
5. Anything (4, 3 and the principle that if a or b is true and a is not true, then b must be true).
In other words, contradictory beliefs imply anything and everything is true (and false). This is an odd result especially since anyone with an ounce of humility will admit that there is a reasonably high chance that there is a contradiction in their beliefs or in the logical consequences of their beliefs.
Now for a 'more practical' example. Imagine you have a key-value store that represents people and properties. Suppose your database says that Jane is 34 years old and later it says Jane is 35. If you ask the database for all of the logical consequences of this people/property store, under classical logic you will get every statement and its negation. Weird huh?