For simulations of quantum dynamics it is useful to use operators that are unitary, conserving the norm (unlike power series expansions), and there's where the Trotter-Suzuki expansion comes in. In problems of quantum dynamics the unitarity of the operators in the ST expansion proves quite practical, since the error tends to concentrate in the overall phase, thus allowing us to faithfully compute expectation values and conserved quantities. Because the ST conserves the phase-space volume, it is also called a symplectic integrator.