What is Wagyu used for?

Excuse me, could you elaborate on the uses of Wagyu? As an avid food enthusiast, I'm quite intrigued by the renowned quality of Wagyu beef and its distinct features. Is it primarily utilized for culinary purposes, such as in high-end restaurants or special occasions? Or does it have any other unique applications that set it apart from other types of beef? I'm genuinely curious to learn more about its versatility and the ways in which it is cherished by connoisseurs.