Insights conversion event name

Hi, I have been dabbling in conversion analytics for a client. One thing I’m trying to figure out is whether the event name that is required as part of the Insights request is actually used for anything other than real-time data in the Debugger. I read in this article that all conversions are consolidated into one number, so what would the purpose be of the event name if we’re not able to slice and run reports on the data? Thanks!