iTunes allowances will end on May 25.
While you might not notice the difference in sound quality, the lossless format leaves you with an archival file that you can convert at any time in the future. You’ll never need to rip those CDs again.
If you back up your iOS devices in iTunes, you can see some useful info about them in iTunes: phone number, serial number, etc.
If you use a list view, iTunes lets you choose which columns display so you can see your media files’ metadata, or tags.
You can search the web for a specific song in your iTunes library using a simple keyboard shortcut.