How will this make our lives better?
It will infiltrate everything, and you won't even notice it.
One small step to the flux capacitor!
Elsewhere if has been written “This new capacitor has the potential to enhance wireless capability for information processing, sensing and telecommunications.”
Off the top of my head, would make it possible to make very low-noise optical tuned parametric amplifiers.
I haven't seen enough technical data to really be sure, but such devices could have significant effects in many areas of technology.
It's amazing how rapidly technological miracles become woven into the fabric of everyday life and essentially forgotten, except that they are used all the time.
For example, the computing and communications power in an iPhone, gigahertz information processors and multi-gigahertz radios, is amazing enough. But to run it for hours on a tiny battery, with minimal heat generation, is even more amazing.
Yet hundreds of millions of people who use the technology and benefit from it are completely unaware of it, take it for granted, except to complain about what it costs.
The same could be said for many other things, such as optical fibers, superalloys that make things like miniature earphones and tiny high-power motors possible, miniature TV cameras, etc.
This provides a direct optical to electronic interface so that results of optical calculations could be transmitted to electronic display devices or for further computation. It is actually a big deal.
It will make it far easier for the NSA to monitor us.