I've never really understood what it's for...?
I don't think I need it for anything else... unless you could suggest
a reason?
There's plenty to complain about with Acrobat. I hate its interface design. I hate the fact that Adobe just can't seem to get it in version parity with the rest of the "suite" that it is bundled with. Nonetheless, I sure wouldn't want to be without Acorbat Pro these days. It's essential for any graphics shop.
PDF is the preferred delivery format for print. It's the ultimate "output bundle", self-containing the file, the fonts, the images. I can't imagine a graphics shop not wanting to have Acrobat on hand to check, modify, and/or enhance PDFs exported from whatever program was used to create a project. If a project makes more sense for me to work it in Canvas or Corel Designer or any other non-Adobe app, I can do that without worrying whether the print shop or other recipient has the software I used for authoring. I want to check those PDFs out in Acrobat before sending them on.
I can deliver a CMYK and/or spot color PDF to a small specialty shop, like a T-shirt imprinter, who doesn't have decent software or the expertise to use it. I just "print" separations to Adobe PDF (installed with Acrobat). The silkscreen shop can print the PDF pages to burn its positives, using nothing more than Reader.
The last color comp printer I bought was a grossly overpriced, over-rated Epson 3000. I have two (count 'em; two) of 'em. Haven't used the slow, unreliable, cheaply-built pieces of junk in years. PDFs have been my approval comps ever since. But I never send a PDF comp exactly as it is exported from the document's native program. I always open it to check the font embedding, set initial view, crop away the bleeds, etc.
Other things I do routinely with Acrobat:
Set the initial view properties of each PDF I make, so it opens the way I want.
Open any PDF and use the Preflight interface to find out the actual resolution of each raster image it contains, and export those raster images if I need to.
Downsample images in existing print-res PDFs to make them bandwidth practical to repurpose them for web delivery.
Combine multiple PDFs into single PDFs, and split multi-page PDFs into individual PDFs.
Batch convert a whole folder full of images into PDFs in one go.
Batch export PNG images from a folder containing several thousand PDFs (tech manual illustrations), so those images can be linked to and displayed in FileMaker container fields.
Add interactivity to PDFs with Javascript to create training aids that require nothing more than Reader at the end user.
Build 700+ page tech manuals, delivered on CD, consisting of individual PDFs per chapter, but acting like a single book, with the same set of bookmarks serving as a hot-linked table of contents in each.
Build on-page links in things like wiring diagrams which span several pages. Links at the edges of the page allow the user to continue tracing a circuit when it jumps to another page. Clicking the link opens the needed page and zooms it right to where the circuit picks up and continues.
Build presentations as PDF files (rather than PowerPoint files). They can contain interactivity, including Flash files.
Each time I build a client a placement ad, I can now open the delivery PDF in Acrobat Pro 8, add a few fields to contain imprint info, and send it to the client's several Dealers. The Dealers can key in their own contact info in those fields and save them using only Reader. They can then use the PDFs for localized advertising.
Create design/illustration-intensive price sheets or other projects containing information subject to change. The client can open the PDFs in Reader, edit the prices, phone numbers, etc., and save it.
And it's quite clear Adobe has all kinds of intentions for further integration of Flash and PDF. Again, I can't imagine any graphics person these days not wanting to be (and stay) up to speed with Acrobat.
JET