It basically replaces a bunch of discrete digital components with a single chip. So you don't have to wire things manually.
Particularly fundamental if you would be putting those chips up a thousand cell towers for signal processing, and ever felt the need to reprogram them! Resoldering would be fun, would it? So you just do a over the wire update of everything.
Vs a microcontroller: same reason why you would want to use discrete components: speed. Especially when you want to do a bunch of things in parallel fast.
One limitation is that it only handles digital electronics: electronics.stackexchange.com/questions/25525/are-there-any-analog-fpgas There are some analog analogs, but they are much more restricted due to signal loss, which is exactly what digital electronics is very good at mitigating.
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