Many times people come and ask me what Functional Analysis is used for and why it's interesting. Of course interest is a matter of taste, and I for one love the subject as it is. There are far reaching applications to Physics, PDE, other areas of analysis and other advanced subjects that I wouldn't be able to demonstrate say to a first or even second year undergraduate student.
What about examples that can be stated in very simple terms, and are somehow "familiar" to the broader audience? I am not aware of classical or definitive examples, so I wanted to ask: What are some (preferably mathematical) applications of Functional Analysis, that are as elementary as possible?
A very important application is data compression, the theory of wavelets being particulary interesting here.