What is the use of ThreadLocal?

With multiple threads, although you have to do work to make sure you read the "most recent" value of a variable, you expect there to be effectively one variable per instance (assuming we're talking about instance fields here). You might read an out of date value unless you're careful, but basically you've got one variable.

With ThreadLocal, you're explicitly wanting to have one value per thread that reads the variable. That's typically for the sake of context. For example, a web server with some authentication layer might set a thread-local variable early in request handling so that any code within the execution of that request can access the authentication details, without needing any explicit reference to a context object. So long as all the handling is done on the one thread, and that's the only thing that thread does, you're fine.