I get that there are uses for $\sin(x)$ and $\cos(x)$ because they are defined with imaginary exponents which aren't as easily worked with but the hyperbolic functions are simply $\frac12(e^x\pm e^{-x})$. I don't see why it would be necessary to define a function to represent this. It is almost like defining a function to represent the value of $2$.
The only other time I can think of where there is a "useless" function is for pedagogical purposes such as the identity function.
In the same way that the point $(\cos\theta,\sin\theta)$ is on the circle, the point $(\cosh\theta, \sinh\theta)$ is on a hyperbola (hence the hyperbolic part). They show up all the time in solutions to the heat equation, and a hanging rope is actually a hyperbolic cosine function. Many many reasons why we would want to have a notation for it.