Perfect for observing birds, planes, double stars, nebulae, satellites, and planets. I can't resolve Saturn's ring, but Jupiter and its moons and the Hercules cluster are not to be missed.
A tripod doesn't solve the same problem. You can walk around, pass these to other people, take it on a hike, use them in a car.
Some downsides: expensive, battery maintenance, and heavy (not as much a problem with smaller pairs.)