The result is important to classical Banach space theory, in that, when considering the Banach space given as an Lp space of measurable functions over a general measurable space, it is sufficient to understand it in terms of its decomposition into non-atomic and atomic parts.
Maharam's theorem can also be translated into the language of abelian von Neumann algebras. Every abelian von Neumann algebra is isomorphic to a product of σ-finite abelian von Neumann algebras, and every σ-finite abelian von Neumann algebra is isomorphic to a spatial tensor product of discrete abelian von Neumann algebras; that is, algebras of bounded functions on a discrete set.