I have an ultrasonic one.
They are designed for internal measurement of rooms. They are popular with estate agents as they save faffing around with a tape measure - you hold it against one wall and get the measurement to the other. (I am NOT an estate agent, I just bought mine as it was on special offer and thought it might be useful - of course apart from trying it out I never really use it.)
Using it outside without a flat wall to reflect the ultrasonic wave off is problematic.
So if you work fitting carpets, selling houses or want to measure the height of a very high ceiling then they are useful.
Having done this reply, I am suddenly thinking that they might be useful for measuring the depth from the access hole to the level of the oil in my oil tank but as I've not tried this I don't know if it would work.