It's a pity that there is no description of what it is supposed to be used for.
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But there are two applications: the first is breaking in to a system under some very obscure set of circumstances that you are very unlikely to encounter in the real world. The second is to bump up your karma on HN.
If you do know, then you also know md5 being broken is really really old news.
Seriously. Cryptographers have been warning that md5 seems weak since 1996. There are probably people reading this thread who weren't even alive yet. (It got totally broken in 2004 but the warning signs were way earlier).
Such security! Much wow!