It's especially great when you're doing complex GIS stuff and need a ton of features and formats supported out of the box. As for other libraries, I'd recommend Leaflet for simple maps, and Mapbox GL for rich, highly interactive apps that benefit from vector rendering tech (I'm biased since I contributed to both), but it's great to have OpenLayers in the mix — there's a library for anyone's needs, cross-inspiration moves all three forward, and the mapping software landscape in general is greater than it has ever been.