The immediate benefits of telemorase activity research may come to cancer studies. It is known that telomerase is much more active in cancer cells than normal cells. It's been implicated in about 90% of tumours.
Cancer cells are immortal; they refuse to grow up, and just keep on dividing - and telomerase is the cause of this in many types of cancer. The enzyme prevents the telomeres from shortening which prolongs the life of the malignant cell.
If a way could be found to "switch off" the enzyme the possibility exists that the cancer could be halted because the telomeres would begin to shorten - and so the malignant cells would eventually die out. No longer would they be immortal. Science is not even at human clinical trials with this idea yet, but the potential for this as a cancer treatment is huge, and has opened up ambitious new areas of research.