Cross chain tokens have a wide range of practical applications. They can be used for asset transfer between different blockchains, enabling users to move tokens seamlessly across networks. Additionally, cross chain tokens are valuable in decentralized finance (DeFi) for liquidity provisioning, yield farming, and collateralization. NFTs can also benefit from cross chain functionality, allowing for interoperable ownership and trading of digital assets across various blockchain ecosystems. In summary, cross chain tokens offer versatility and utility in an array of applications.
source: https://www.inoru.com/token-development