This knot has only one purpose: to aid the rescuer in the event of an aerial rescue. It both id's the bridge rope so only it will be cut and helps prevent the rescuer's knife/saw from also cutting the supporting ropes nearby.
You will be amazed at how easy it is to cut a rope with someones body weight on it. We all should be practiced in aerial rescue just like CPR. If I need either the knowledge will not help but if you are rescuing me I hope that you know all task well.
See you at the top,
Dan