To explain further, I would personally use such a feature to build a community where there are distinct types of users. For example, the community might provide a place to connect buyers and sellers of a specific type of good or service. The sellers might have full profiles and examples of work, while the buyers would have no need for such a detailed profile.
It would be useful in any case where there are distinct types of users with different profile needs.
JomSocial is an example of software that includes this feature, but I would love to be able to switch from Joomla/JomSocial to Invision Power, which otherwise has much more robust community features.
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