Now, it's pretty obvious when we're discussing something as simple as this, but this is the fundamental essence of Big O. Certainly, we don't need to calculate it on a daily basis, especially past the general case, but it also doesn't hurt to have common terminology when speaking about an edge case of an algorithm.
And just having a general feel of a graph of how quickly an O(n^2) algorithm can spiral out of control versus an O(log n) algorithm is useful. (That is, if you have a small amount of elements, it's not going to matter, but it will matter quickly as the number of elements grow.)