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I'm in the process of learning equivariant homotopy theory, so I was wondering: what is the importance of equivariant homotopy theory, and what has it been applied to so far? I know of HHR's solution ...

If one has a normal Lie group inclusion $H\to G$, with quotient $G/H$, and a $G$-manifold $X$, one can take the quotient $X/H$. Then the $G$-action on $X/H$ factors thru a $G/H$-action, so one can ...