Can someone please explain to me what would the immediate technological advancement be if this is true?, what applications would this have? (Already watched the video and read the FAQ, still a lot that is not clear to me)
The immediate short term won't see any technological advancement, but as with all basic science we will see outcomes in the future.
Science is in fact not engineering.
Of course, this is baseless conjecture and, even if true someday, will be nothing like immediate. However, without understanding the field, we won't be able to affect the field (we may never be able to affect the field when we do understand it).