It enables NuBus block transfers in the absence of any other card that can act as a NuBus bus master. This allows for faster transfer of big chunks of data over the bus.
A practical use: some video cards had bus master circuitry built in, I believe the 8•24GC did (?). Some could act as slaves in the presence of a bus master, and those cards can be made to work faster by having a bus master on the same bus, either as part of another card or as a dedicated card, because with a bus master present, you don't have to write individual words to the card but you can write whole blocks of data at once. This is the dedicated card that provides the bus master function.
I'm not sure if it ever had any other practical use beyond "make some specific video cards go faster".