I know what you're thinking: "of course it has, for example, it can be used to tell you how many times you can go around a circle". But that isn't really true, now is it? You'd be dead or the world would go under long before an infinite amount of loops had been reached.
Are there any practical applications for the concept of infinity? Is it a useful concept in maths at all? I pose this question not with the intention to provoke anyone, but out of genuine curiousity.
I know that Donald E. Knuth has argued that for all practical purposes, a very, very large number has the same effect as infinity, in his book "Things a Computer Scientist Rarely Talks About" (can't remember the exact quote, nor find it online, unfortunately).
Examples are especially appreciated.