It's a fun thing to setup and watch. :-)
We sell a similar receiver in our store! https://shop.pimoroni.com/products/mini-digital-tv-stick
paradoxical difference between that consumer grade setup and military grade system:
http://www.businessinsider.com/the-flaw-in-the-buk-missile-s...
"So the Buk can pick up the signal of an aircraft. But if it's operating in standalone mode, it can't tell whether that aircraft is a military target, or a jetliner with nearly 300 people onboard."
I've got four of these "ADS-B receivers" (Raspberry Pi + SDR dongle + antenna) up and running in four different locations with a few more that still need to be set up and deployed. I don't have a practical use but it is pretty neat.
I considered trying to write my own stuff to do MLAT for aircraft without ADS-B transmitters after I get the others deployed but my math probably isn't that good.
Another thought was to log all of the location data from all my receivers to a central database and do "something" with it, although I've yet to figure out what that "something" is/would be.
Seems like you're trying to come up with one!
My only point about practicality is that I don't know what I would use this for. Wrong term I suppose.
Cool, but I'm not sure about the practical uses. Perhaps to test the accuracy of all the flight trackers out there??