You apply it to joints and threads that you don't want to move relative to each other so they can be disassembled in the future. As I and had no idea what the difference between Anti-Seize and Polylube is, check out Park Tools' video showing the difference. When sealing ball bearings, use a polylube, not a lubricant. However, Polylub can be used to lubricate the threads. So why anti-capture? They should last longer and also prevent galvanic corrosion between dissimilar materials. This might not be a big deal on bikes, especially for parts that are regularly removed and re-greased. But I was having a hard time getting my old pedals off and chose to get them as they are cheap and I expect to need them quite often.
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