For another device like a smartphone to use any of the Bluetooth "services" which the micro:bit has, it must first be [paired with the micro:bit](/reference/bluetooth/bluetooth-pairing). Once paired, the other device may connect to the micro:bit and exchange data relating to many of the micro:bit's features.
You could use this event handler to display a letter "C" on the micro:bit LED grid so you know you have a Bluetooth connection. Or you might want to send some data you've been accumulating to your smartphone as soon as it connects to your micro:bit. Maybe you've been using the accelerometer in your micro:bit to count your steps for example. Using this event handler you could send the accumulated step count to your phone when it establishes a Bluetooth connection.
[Bluetooth SIG](https://www.bluetooth.com), [micro:bit Bluetooth profile ](http://lancaster-university.github.io/microbit-docs/ble/profile/), [micro:bit Bluetooth profile reference](http://lancaster-university.github.io/microbit-docs/resources/bluetooth/microbit-profile-V1.9-Level-2.pdf), [Bluetooth on micro:bit resources](http://bluetooth-mdw.blogspot.co.uk/p/bbc-microbit.html)