The essence of monads is not about what use can be made of them either, just like the essence of things that have a hook is not that you can use them to hang your coat.
Simply put, monads are data types that share a set of properties. Think of them as you would think of the atoms that are halogens, or of the animals that are mammal. In the case of monads, the property is that functions can be chained on them in a specific way, and that the result of this chaining respects some rules.
The reason it is so hard to explain or understand monads is that this property in many different ways for many different ends, and that the what and the why are often mixed in the explanation.