This port is usually used for Directories. Directory her means more like a telephone-directory rather than a folder. Ldap directory can be understood a bit like the windows registry. A database-tree. Ldap is sometimes used to store usersinformation.
Ldap is used more often in corporate structure.
Webapplications can use ldap for authentication. If that is the case it is possible to perform **ldap-injections** which are similar to sqlinjections.
You can sometimes access the ldap using a anonymous login, or with other words no session. This can be useful becasue you might find some valuable data, about users.