It's a common scenario to have to look in the folder where your backup files are stored to find the latest backup set.  So say you have a folder containing only full database backups of the AdventureWorks database:

Usual practice is to sort the files by the modified date, copy the newest file name, and paste it into Management Studio to perform the restore.  Now what if your backup tool could identify the latest backup set for you?  What if you could simply add an option to the RESTORE command to tell it to pick up the latest full backup set, like this:

The LATEST_FULL option is all you need to restore from the latest full backup set for the AdventureWorks database in the 'e:\backups\' folder.  The usefulness of this becomes more apparent when you want to restore the database on a reporting or secondary SQL Server instance.  Instead of writing reams of code to determine the latest backup set, or setting up linked servers to the source SQL Server instance to query the backup history tables, you simply use the LATEST_FULL option and SQL Backup does the rest.

And why stop there?  There is also a LATEST_DIFF option, which will identify and restore the latest differential backup set for you automatically.

Simplicity at its best.