I've noticed that this comes up in physics quite a bit, with resistors and has a part in the lensmaker's equation. It also comes up in math with$$a\oplus b:=\frac{1}{\frac{1}{a}+\frac{1}{b}}$$ $$\log_x(a)\oplus\log_y(a)=log_{xy}(a)$$Credit to 3Blue1Brown for that. It is also the main focus of the third Pythagorean mean.
My question is why is this piece of math so important but isn't usually seen as a thing on its own?
I also have no idea how to tag this, sorry.

Suppose John rides his bike up the hill at $5 km/h$ and down the hill at $10 km/h$, what is his average speed?
Time going up the hill and down the hill is variable, but the distances are equal, we take the reciprocals to find the times and average them together. Then we take the reciprocal of the result.
$s = \frac 1{\frac 12 (\frac 1{5} + \frac 1{10})}$
The formula comes up when working with ratios which exhibit this property.
Electrical resistance through a circuit uses a similar formula.
As does stock market price/ earnings ratios.