What is the MS OneNote

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I recently bought Office 2010 Home and Student, as I was shopping in Tesco, it was just Christmas sale

I paid 75 Zł when normally costs 200 Zł,

Office 2010: Home and student: has only Word, Excel, PowerPoint and OneNote.

I began to to wonder what is OneNote

I often use Word, PowerPoint, and Excel, but what is purpose off OneNote?

http://en.wikipedia.org/wiki/Microsoft_OneNote
http://office.microsoft.com/en-gb/onenote/

Actually, I wanted to know if anyone ever uses this program and for what?