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In a nutshell Lightroom is for photographers and Bridge is for graphic designers and artists.
Lightroom only manages the files you import. Bridge is a browser and sees all files on a computer. Creative Cloud customers using applications like Illustrator, InDesign, and Dreamweaver will often use Bridge for their file management and workflow.
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I've found 3 very helpful uses for Bridge in terms of Motion Graphic Design and Video Editing. I'll admit, Bridge has been more of a nuisance than a help for most of my career. Can't tell you how many times I've been in a hurry and accidentally selected it to open a file, only to have to quit out of it. That said, one thing I've known it to be useful for is...
Adding Metadata
I personally haven't found myself having to do this much in my career. But it's worth mention that at one studio I was with for awhile, our department head had an idea to have someone plug all sorts of metadata into the stock images/videos and custom elements we had built up over the years, that were lying in our communal assets library. We had so much useful, re-usable content in there that it was difficult to navigate, so we just ended up making/buying more and the problem increased. His thought was to have someone add metadata using Bridge, so that we could search keywords that described the content we were seeking... such as "cityscape" or "bokehs", etc. and let Bridge weed through all of our content. The problem was, nobody ever really had much time to work on it and I moved on from that company before seeing that project come to fruition. I still like the idea though.
Batch Renaming Image Sequences
I recently stumbled up on this. I know it's been around for years but I used to use Fireworks to batch rename image sequences. I was having trouble opening a very lengthy sequence recently and wondered if there was a better app out there. After a quick google, I found that Bridge can perform this task. Now I haven't noticed it being any quicker or slower than Fireworks in this regard, but after poking around a bit and finding one more very useful task, it was enough for me to uninstall FW and free up a little space.
Spacebar previews - particularly AVIs on a Mac
Now for me, this is the big one. And honestly, I can't believe no one ever told me about it, after doing this for over a decade. Now I work on an old Mac Pro that I have modified over the years to stay relevant in today's climate, but I've designed on PCs a lot too. Probably the biggest complaint I know of that comes from any video pro (myself included) that has worked on a Mac, is Windows Explorer's inability to do spacebar previews of video files. Bridge allows one to do this, thus allowing those who have installed 3rd party apps for this vary task, to delete said apps. More importantly, for those few of us who still work on a Mac, the biggest complaint here is our inability to preview AVI files. Bridge also allows you to do that! This is huge for me since I design a lot of in-game content for pro sports teams. Whenever I hav eto create content for the ribbon LED boards that are on the fascia of the upper decks at the arenas/stadiums, they almost always require AVI and I need to transcode the MOVs I export from AE or ME by logging into my company's remote PC. This makes it difficult to QC videos due to the compression of a remote log-in. Also, often times Media Encoder can be confusing and lead to bad transcodes that have an added a letterbox or have changed the aspect ratio, etc. This allows me to QC those transcoded AVIs locally, once they have synced back up on my end (using Dropbox). This is huge for me. Anyway, thanks for reading my lengthy response. Hopefully helps someone 
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