Anytime you need to be able to easily input more than one 8-bit value for whatever reason this can be useful.
One of the times this has come in handy was when I was testing assembly code to perform a multiplication of two signed 8-bit integers. One of these cards plus the sense switches on the Altair plus two LED output registers or David's Bus Monitor card to display the 16-bit result as two 8-bit values makes it an easy task.
And, as was also pointed out, this can be a simple TTL input card if the handshake signals is not something you need. It's cheaper to build than the Parallel Port card (especially if you don't populate the switches), and it uses commonly available ICs. Sourcing the Intel 8212 for the Parallel Port card can be tricky and pricey. It also consumes less power.
So, the original thought was simply "Hey, something like this could probably be useful", so I went ahead and made it :-)