What is the purpose of co-transport?
Would it not then make more sense for the latter substance to simply be actively transported to its destination, as opposed to involving another substance which has no net movement at the end of the process?


But where would the energy for the transport come from! Thermodynamics tells us that the universe tends to increase the amount of disorder (Entropy). If we have active transport of a solute, then by definition, this is going against a concentration gradient. So we could end up with a substance being entirely on one side of a plasma membrane, which wouldn't be disordered at all - clearly thermodynamics wouldn't let this happen by itself since we would be reducing entropy.
This is why energy is needed for active transport. We need to put in the leg-work by using some energy to locally reduce entropy, and ultimately move something to one side of the plasma membrane. Think of the concentration gradient like the pent up energy of a spring. We can release this energy when we want, in order to make it thermodynamically feasible to move a solute against its concentration gradient.


  What is the evolutionary advantage of co-transport?


We've established that we need an energy source to drive active transport. But indeed, why would we use a concentration gradient? Couldn't we equivalently use a different energy source? Well yes, we could use ATP (for instance in Na$^+$/K$^+$-ATPase). But a concentration gradient might already be established over a plasma membrane, so its already there as an existing source of energy. Perhaps this is why co-transport evolved with this mechanism.