You use this to calibrate thermocouple indicators, giving an accurate voltage that corresponds to a set temperature less the cold junction voltage. Dual use as you can also use it to set the loop resistance for use with said meter, adjusting a variable resistor to set the resistance to a predetermined value with a cold thermocouple. While you could also use it to read the thermocouple using the null meter that was really just used as a test of the thermocouple. Only time you really used that was in the calibration or verification of the unit against a more precision reference voltage source.