It's often useful to let the machines do the work, and output something that's dynamically computed on an entity. By that I mean something that can't be hardcoded as a fixed value for all entities of a particular type, but that varies for each entity, in a way that allows it to be generated in code rather than laboriously entered into each entity form by humans.
For example, you might want a backlink for an entity reference, or a link to a view that has an argument for the entity's ID, or something that depends on field values on the entity.