I don't think that's really inherent value in the sense referenced. A commodity is something that satisfies wants and needs on its own. See, e.g.:

http://money.cnn.com/data/commodities/

The reason I think it matters is that when commodities are used as currencies (e.g., gold, silver), the use value supports the currency value. If gold's value as a currency falls to zero, you can still make some nice jewelery. Whereas if people stop accepting dollars or Bitcoins for things you actually want, then they are basically useless.