The most important uses and application of a transformer are:
It can rise or lower the level of level of Voltage or Current (when voltage increases, current decreases and vice versa becauseP =V x I, and Power is same)in an AC Circuit.
It can increase or decrease the value of capacitor, an inductor or resistance in an AC circuit. It can thus act as an impedance transferring device.
It can be used to prevent DC from passing from one circuit to the other.