Generally speaking - there aren't many areas where the finished product using 3d printing is better than more traditional methods. The main advantage of 3d printing is the flexibility. Injection molding will pretty much always give you a better result, but you'll be able to go from idea to physical prototype much more quickly with 3d printing - not to mention that your average person isn't going to be able/willing to set up an injection mold in their homes.
In industrial use (so not consumers) the main use for 3d printing is indeed rapid prototyping, 3d printing doesn't really scale all that well to mass production, but if you're going to be iterating on a design several times before getting something you're comfortable with, then it's a great choice