What are some of the practical applications of functions that extract the exponent and mantissa of a floating point number? I'm talking about functions such as Python's math.frexp() : 


  math.frexp(x)
  
  Return the mantissa and exponent of x as the pair (m, e). m is a float
  and e is an integer such that x == m * 2**e exactly. If x is zero,
  returns (0.0, 0), otherwise 0.5 &lt;= abs(m) &lt; 1. This is used to “pick
  apart” the internal representation of a float in a portable way.
  
  https://docs.python.org/3.4/library/math.html


And: 


  In some applications it is useful it obtain the mantissa and exponent
  of floating point numbers. 
  http://www.technicalc.org/tiplist/en/files/pdf/tips/tip6_58.pdf


That said, what would be the usefulness of functions such as math.frexp() in real-world applications? What can I use it for?
They are among other things very useful for calculating logarithms, or square roots and cubic roots. 

For example: log x = log ($2^e * m$) = e * log 2 + log m. With 0.5 ≤ m ≤ 1, you can approximate log m using a polynomial, which wouldn't work for x which can be in the complete range of floating point numbers. 

$x^{1/3}$ = $(2^e * m)^{1/3}$. Let e = 3k, 3k+1, or 3k+2, then this equals $2^k * m^{1/3}$ for 0.5 ≤ m ≤ 4. You can either use approximation by a polynomial for m, or you use Newton iteration which will be much faster for m in the small interval.