Removes the overhead and blocking of TCP while providing redundancy for the packet loss of UDP.
HTTP/2 also allowed this, but suffered from head-of-line blocking between those multiplexed connections. Quic streams are independent. One Stream can still make progress if datagrams which contained data for another stream got lost.
For a lot of systems the TLS handshake is the most expensive part of an operation. Reducing the amount of TLS handshakes by N can literally reduce cost by up to N in those systems.