mysql replication

MySQL provides ability to replicate a database in a Master/Slave fashion. All write and update operations are done on Master instance and are written to a binary log. This log is read by slave instances to replicate the changes. Replication is done in asynchronous mode, slaves keep track of the location within the log.

When would you use a replication ?
1) For high scalability, read off of slaves and writes on Master.
2) For backups.
3) For having a copy of data to resource intensive analytics without hindering master server performance.