What's the point of cache coherency?

On CPUs like x86, which provide cache coherency, how is this useful from a practical perspective? I understand that the idea is to make memory updates done on one core immediately visible on all other cores. This is a useful property. However, one can't rely too heavily on it if not writing in assembly language, because the compiler can store variable assignments in registers and never write them to memory. This means that one must still take explicit steps to make sure that stuff done in other threads is visible in the current thread. Therefore, from a practical perspective, what has cache coherency achieved?