Once upon a time, Sam Varshavchik mrsam@courier-mta.com said:
I defy anyone to identify a tangible benefit that comes from removing a static IP address from a port when it loses carrier, and installing one only once a carrier is present.
It is useful for systems with multiple interfaces, for example a desktop with wired and wifi, and different preference default routes out both (so if the wired goes down, traffic can still go out over the wifi). Anything acting like a router also needs this behavior, typically in conjuction with dynamic routing protocols.