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This spinning phone ring holder looks useful for people who use their smartphone's web browser and social networking apps a lot where some mobile websites look better in vertical/portrait mode, and other websites like desktop website themes look better in horizontal.
Some videos in apps like Instagram and YouTube are recorded in vertical mode where you need to hold the phone vertically to watch the video properly.
I'm surprise this phone holder ring is cheaper than most fidget spinners which cost over $10 at retail stores like Gamestop and Toys R US which sell them for $11 or more.
I guest, this phone spinning holder can also be used to create a cheap fidget spinner.