Good question, I know if boost drops like from an intake boot leak then EGT's can rise but if you have the EGT gauge you would still be warned to back off and seat of pants feel should tell you if you have a leak.
For a daily driver it may not be needed but if your into mods and monitoring how they are all stacking up then you would need one.
I am sure someone here can come up with a good reason so I can find a spot for it in my truck but for now its just a SPA EGT/Trans Temp gauge.