Yes, these are useful in board-level repairs of Osbornes & Heathkits.
If you've got a bad part, you can look up its specifications and select a substitute part if the original isn't available.
Or, when troubleshooting, you can find out what a part should be doing and compare that to how it looks in circuit.
At a simpler level, you can look up exactly what it is and what type of package its in to help you order another one just like it. For example, if you have to replace a power supply transistor, you call up the parts house and say, "I want a TIP-35C transistor." Then they say, "You want TO-3 or TO-218?" You can look up your part in the book ahead of time and know which it is.