Bluetooth 5 LE can reach further than that, some sources claim 435 yards in long range mode and free-space environment.
Discussion
I didn't know that but still, hardly practical.
I personally can see it as a communication channel if you go to a large event (eg. peaceful protest), but want your phone in flight mode for a reason.
Or a concert event when you are trying to find your friend while celluar being overloaded or not present...