Uses
Already in the original paper, Kaldor used his stylized facts of economic growth to argue in favor of his suggested model in comparison to older neoclassical models of economic growth. This idea has been highlighted subsequently by Boland, that the comparative advantages of one model over the other can be set in a clear perspective via the reference of the stylized facts the respective models can explain. Additionally, stylized facts can be used to look "under the hood of models", i.e. be used to validate assumptions of model in a focussed way. This can be of particular importance in more complex models. Econophysics/Statistical finance begins from stylized facts.
Read more about this topic: Stylized Fact