This will allow to craft ELF binaries on a modern distro which will run on "older" distros. This is critical for games and game engines. There is an significant upfront only-once work in order to select an "old" glibc ABI.
The quick and dirty alternative being having a toolchain configured to link with an "old" glibc on the side.
This article missed the -static-libstdc++ critical option for c++ applications (the c++ ABI is hell on earth), but did not miss the -static-libgcc and the dynamic loading of system interface shared libs.