The main applications of using H.265 Adaptive Stream is to save the bandwidth and storage space.
There are projects where the cameras have to stream video over the public Internet to the control center where the recorder is located at, and the upstream bandwidth ranges may have a significant cost differences from the Internet Service Provider. Lowering the bitrate of the camera while preserving video quality allows choosing lower bandwidth plans from the provider.
At the same time, this compression technology allows saving the NVR storage space. With the same disk sizes it is now possible to record more days, or alternatively, you need smaller size hard drives for the same number of recording days compared to standard H.265 or H.264. Hard drives cost is quite significant in the total budget of the project, therefore optimizing the storage leads to significant savings.