I'm thinking, isn't it that sometimes it will be quite misleading? In this example, it doesn't look like convection at all, no chance for cumulus, since dry adiabat is steeper than air temperature change.
But, looking at the green line starting 4-5 C higher than the red line there's this impression that there will be convection, even a cumulus is depicted at 800.
Or am I missing something totally? :)