Creating your first (or your next) idea, project or bizniz starts with your domain and brand (digital real estate). Lite hosting is the basic space where your domain lives in once your desired domain and brand has been created.
It can be used for your branded email or simply to park your domain in the case your idea is still a work in progress concept that you would like to pickup another day or any giving day in the nearby future.
Or maybe because you are a domainer that purchase domains as an investment, property and asset for the open market (digital real estate).