RCD function... in a board that isn't marked up, you can check for voltage, trip the board, check again and then go and lock off... all without moving
It's a limited test function in that all it does is attempts to trip and RCD with a 30mA current. This function can also serve you when suddenly you get a voltage present you weren't expecting... say 50v neutral-earth.... you can apply the low impedance mode... if the voltage disappears it's a good chance it's a phantom voltage from inductive/capacitive coupling.
Continuity is useful for buzzing out circuits and testing fuses, bulbs, operation of switches etc. without the need to break out the big guns.
The other functions are useful as well, like voltage indication and phase rotation.
It's no replacement for an MFT (or separate dedicated instruments) but it can be a useful piece of kit for fault finding.