Reals, complex numbers, quaternions, octonions, etc are a hierarchy of algebras which can be constructed in a regular way.
One obvious property of this hierarchy is that each such algebra has $2^n$ natural basis elements.
Are there related algebras which have 3, 5, 7, or some other intermediate number of natrual basis elements?
If not, why not?
Well, you can always equip $\mathbb{R}^k$ with the product $(\mathbf{x}\ast \mathbf{y})(i)=\mathbf{x}(i)\cdot \mathbf{y}(i)$ to give you a unital associative commutative algebra, but for all $k\geq 2$ you won't have this be a division algebra.
The Frobenius Theorem says that the only real division algebras are $\mathbb{R},\mathbb{C},\mathbb{H}$ (up to isomorphism).
Other standard algebras include
All of these things are useful and some have entire fields of study devoted to them.