I use the 50 mm like on my DX (D7000) on which there is a slight telephoto lens in everyday situations to depict (single) people or objects. At one FX it's a standard lens and probably a bit more versatile.
In addition to Focus effects the large aperture can be used in night shots without a tripod to increase the image quality significantly: At lower ISO settings (
Comparing to an older Nikon model or to a competitor, I can not do; However, I would buy me the 50 AF-S again at any time.
The discussion of the 1,4-he Aperture can I join partially, I use it rarely.