The article posted in the comment is pretty comprehensive and nice.
The immediate reason this theorem is useful for my research is the proof of the Kazhdan-Lusztig Conjecture. Specifically, using the realization of representations of reductive Lie algebras as modules over (twisted) sheaves of differentialdifferential operators on a flag variety $G/B$. The Kazhdan-Lusztig conjecture establishes a correspondence between the representations of an algebraic group $G$, to the algebraic-geometric structure of generalized flag varieties $G/B$. In particular, it gives the relation between the characters of Verma modules of Lie algebras and the intersection cohomology on the Schubert varieties.