"Berger said that the diode's ability to operate in low-power conditions makes it ideal for use in power-hungry devices that generate radio-frequency signals, such as cordless home telephones and cell phones. With little power input, the diode could generate a strong signal. One other application that Berger finds particularly interesting involves medical devices. The diode could support a low-power data link that would let doctors perform diagnostics on pacemakers and other implants by remote, without wires protruding through a patient's skin that could cause infections."
Looks like it has a lot of significant real life applications.
Wireless telemetry for medical implants has existed for decades.
The new diode is a marginal improvement, if any at all.