That allows measurement of the distance to nearby stars. For most stars, though, even 300 million km isn't far enough.
From Wikipedia[1]:
> Astronomers use the principle of parallax to measure distances to the closer stars. Here, the term "parallax" is the semi-angle of inclination between two sight-lines to the star, as observed when the Earth is on opposite sides of the sun in its orbit. These distances form the lowest rung of what is called "the cosmic distance ladder", the first in a succession of methods by which astronomers determine the distances to celestial objects, serving as a basis for other distance measurements in astronomy forming the higher rungs of the ladder.
http://www.sunflower-astronomy.com/index.html?http://www.sun...
And the moon,
http://lcni.uoregon.edu/~dow/Marks_photos/stereo_pairs/Apoll...
Here are some artistic (not real) stereo pairs of the Heart nebula,
http://astroanarchy.blogspot.com/2010/04/ic-1805-as-stereo-p...
Some explanation of the artistic method,
http://astroanarchy.blogspot.com/2011/02/sh2-132-as-stereo-p...